Morgan Advanced Materials ( (GB:MGAM) ) has shared an announcement.
Morgan Advanced Materials PLC has executed a share buyback, purchasing 22,252 of its ordinary shares at prices ranging from 209 to 214 pence, with an average of 211.9852 pence per share. This move, part of a previously announced buyback program, aims to cancel the acquired shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, focusing on the development and manufacturing of specialized products for sectors such as transportation, healthcare, and energy. The company is known for its expertise in ceramics, carbon, and composites, which are integral to its diverse product offerings.
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.