Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

 323.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 326.50
  • 52 Week Low: 218.50
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 0
  • Market Cap: £921.75m

Morgan Advanced Materials remains on track as sales inch higher

By Duncan Ferris

Date: Friday 08 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Morgan Advanced Materials on Friday said it remained on course to meet full-year expectations after improvements to sales and margins in the year to date.


The materials supplier said sales for the first nine months of the year edged up 0.2% compared to the same period in 2018, while operating margins continued to increase on the back of operational efficiency programmes.

While the FTSE 250 company said it was impacted by declines in the industrial and automotive markets, this was offset by growth in the semiconductor and electronics, healthcare and chemical and petrochemical segments.

Revenue from the carbon & technical ceramics division grew 3.5%, with growth in seals & bearings and technical ceramics offsetting a modest decline in electrical carbon.

The thermal products division saw sales fall 3.5% due to a weaker performance in Europe.

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MGAM Market Data

Currency UK Pounds
Share Price 323.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 326.50
52 Week Low 218.50
Volume 0
Shares Issued 285.37m
Market Cap £921.75m

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 --2024

Time Volume / Share Price
0 @ 0.000p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

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