Morgan Advanced Materials ( (GB:MGAM) ) has shared an announcement.
Morgan Advanced Materials PLC has executed a share buyback, purchasing 18,995 of its ordinary shares through Investec Bank plc at a weighted average price of 204.1125 pence per share. This move is part of a previously announced buyback program and indicates the company’s strategic decision to reduce share capital, potentially enhancing shareholder value.
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 is known for its expertise in ceramics, carbon, and composites, serving sectors such as aerospace, defense, and energy.
YTD Price Performance: -25.37%
Average Trading Volume: 947,779
Technical Sentiment Signal: Buy
Current Market Cap: £569.7M
See more data about MGAM stock on TipRanks’ Stock Analysis page.