Morgan Advanced Materials ( (GB:MGAM) ) just unveiled an announcement.
Morgan Advanced Materials PLC has executed a share buyback program, acquiring 40,000 of its ordinary shares at an average price of 270.3149 pence per share. This move, part of an ongoing buyback program announced in November 2024, reflects the company’s strategy to optimize its capital structure and return value to shareholders by canceling the repurchased shares.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, focusing on the development and manufacturing of a wide range of high-performance materials, including ceramics, carbon, and composites. These materials are typically used in sectors such as aerospace, energy, and electronics, where high durability and performance are critical.
YTD Price Performance: -1.65%
Average Trading Volume: 861,773
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £753.2M
For detailed information about MGAM stock, go to TipRanks’ Stock Analysis page.