The latest announcement is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC announced the repurchase of 24,570 of its ordinary shares at prices ranging from 198.40 to 202.50 pence per share, with a weighted average price of 200.4338 pence. This transaction is part of a buyback program initiated in November 2024, aimed at optimizing the company’s capital structure. The repurchased shares are intended to be canceled, which may impact the company’s share value and market perception by reducing the number of shares outstanding.
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 serves a diverse range of markets, including aerospace, automotive, and healthcare, providing solutions that enhance the performance and efficiency of its clients’ products.
YTD Price Performance: -26.91%
Average Trading Volume: 1,035,037
Technical Sentiment Signal: Buy
Current Market Cap: £570.5M
See more data about MGAM stock on TipRanks’ Stock Analysis page.