Morgan Advanced Materials ( (GB:MGAM) ) has provided an update.
Morgan Advanced Materials PLC announced the repurchase of 23,195 of its ordinary shares at a weighted average price of 204.7589 pence per share as part of its ongoing share buyback program. The company intends to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, focusing on the production and supply of high-performance materials and components. The company is known for its expertise in ceramics, carbon, and composites, serving a diverse range of sectors including aerospace, automotive, and healthcare.
YTD Price Performance: -24.82%
Average Trading Volume: 963,740
Technical Sentiment Signal: Buy
Current Market Cap: £573.9M
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