Morgan Advanced Materials Executes Share Buyback

Story Highlights
  • Morgan Advanced Materials operates in advanced materials, focusing on ceramics and composites.
  • The company bought back 18,995 shares to reduce share capital and enhance value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Morgan Advanced Materials Executes Share Buyback

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App