Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

323.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 329.00p
  • 52 Week Low: 218.50p
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 48,086
  • Market Cap: £923.17m

Morgan Advanced Materials Q1 sales in line with guidance

By Frank Prenesti

Date: Friday 10 May 2019

LONDON (ShareCast) - (Sharecast News) - Morgan Advanced Materials said first quarter trading was in line with expectations as the company maintained its full year guidance.
Sales for the three months to March were 2% higher year on year for the specialist materials maker on an organic constant-currency basis.

Headline operating margins were slightly ahead of the prior year, seeing benefit from the leverage of organic growth and from efficiency actions, the company said in an update.

Carbon & technical ceramics sales were 7% higher than prior year, with growth in electrical carbon, seals & bearings and technical ceramics. Sales for the thermal products division were 3% lower with a decline in Europe partially offset by growth in Asia.

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MGAM Market Data

Currency UK Pounds
Share Price 323.50p
Change Today 0.50p
% Change 0.15 %
52 Week High 329.00p
52 Week Low 218.50p
Volume 48,086
Shares Issued 285.37m
Market Cap £923.17m

MGAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.90% above the market average62.90% above the market average62.90% above the market average62.90% above the market average62.90% above the market average
88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average
Price Trend
68.55% above the market average68.55% above the market average68.55% above the market average68.55% above the market average68.55% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
44.51% above the market average44.51% above the market average44.51% above the market average44.51% above the market average44.51% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Growth
83.17% below the market average83.17% below the market average83.17% below the market average83.17% below the market average83.17% below the market average
94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 3
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGAM Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 26-Oct-23
Paid 17-May-24 17-Nov-23
Amount 6.70p 5.30p

Trades for 15-May-2024

Time Volume / Share Price
13:01 57 @ 323.50p
13:01 46 @ 323.50p
13:01 43 @ 323.50p
13:01 25 @ 323.50p
13:01 82 @ 323.50p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

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