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Morgan Advanced Materials ( (GB:MGAM) ) has provided an announcement.
Morgan Advanced Materials PLC has repurchased 40,000 of its ordinary shares as part of its buyback program initiated in November 2024. The transaction, executed through Investec Bank, saw shares purchased at prices ranging from 267 to 272.50 pence and will be canceled, reflecting a strategic move to optimize the company’s capital structure and potentially enhance shareholder value.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, focusing on the production of specialized ceramics, carbon, and composites used across various sectors, including industrial, transportation, and healthcare. The company emphasizes innovation and technological development to meet the evolving demands of its market.
YTD Price Performance: -0.92%
Average Trading Volume: 885,362
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £771.8M
For detailed information about MGAM stock, go to TipRanks’ Stock Analysis page.
