The latest update is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC announced the repurchase of 20,787 of its ordinary shares through Investec Bank plc, at prices ranging from 212.50 pence to 217.50 pence, with a weighted average price of 215.2688 pence. This share buyback is part of a previously announced program and the company intends to cancel the purchased shares, which could potentially enhance shareholder value 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 development and manufacturing of high-performance materials and components. The company serves a variety of sectors, including healthcare, transportation, and energy, providing solutions that enhance the performance and efficiency of its clients’ products.
YTD Price Performance: -21.69%
Average Trading Volume: 991,444
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £594M
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