Morgan Advanced Materials ( (GB:MGAM) ) has shared an update.
Morgan Advanced Materials PLC has announced the repurchase of 23,288 of its ordinary shares through Investec Bank plc, as part of a buyback program initiated in November 2024. The shares, purchased at a weighted average price of 205.5802 pence, will be canceled, potentially impacting the company’s share value and market positioning by reducing the number of shares in circulation.
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 is known for its expertise in ceramics, carbon, and composites, serving a diverse range of sectors including aerospace, automotive, and healthcare.
YTD Price Performance: -22.79%
Average Trading Volume: 997,300
Technical Sentiment Signal: Buy
Current Market Cap: £589.2M
See more data about MGAM stock on TipRanks’ Stock Analysis page.