Morgan Advanced Materials ( (GB:MGAM) ) has provided an update.
Morgan Advanced Materials PLC announced the repurchase of 21,696 of its ordinary shares at a weighted average price of 210.6486 pence per share, as part of a buyback program initiated in November 2024. The company plans to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and signaling confidence in the company’s financial health.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, focusing on the production of high-performance materials and components. The company serves various sectors, including transportation, electronics, and healthcare, by providing innovative solutions that enhance the performance and efficiency of its clients’ products.
YTD Price Performance: -22.43%
Average Trading Volume: 967,769
Technical Sentiment Signal: Buy
Current Market Cap: £592M
See more data about MGAM stock on TipRanks’ Stock Analysis page.