The latest update is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC has announced the repurchase of 22,379 of its ordinary shares at an average price of 213.2687 pence per share, as part of a buyback program initiated in November 2024. This move is intended to cancel the purchased shares, potentially enhancing shareholder value by reducing the number of shares outstanding, which could positively impact the company’s earnings per share and market perception.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC is a company operating in the advanced materials industry, focusing on the development and manufacturing of a wide range of products that cater to sectors such as healthcare, transportation, and energy. The company is known for its expertise in ceramics, carbon, and composites, providing solutions that enhance the performance and efficiency of its clients’ operations.
YTD Price Performance: -21.88%
Average Trading Volume: 935,288
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £602.2M
See more data about MGAM stock on TipRanks’ Stock Analysis page.