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The latest announcement is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC, a company engaged in the engineering and manufacturing of advanced materials, announced the purchase of 39,172 of its own ordinary shares through Investec Bank plc as part of a share buyback program initiated in November 2024. The shares were bought at prices ranging from 268.00 to 270.50 pence per share, with a weighted average price of 269.6663 pence. The company plans to cancel these purchased shares, which could potentially enhance shareholder value by reducing the number of outstanding shares and improving earnings per share.
More about Morgan Advanced Materials
YTD Price Performance: -0.75%
Average Trading Volume: 1,023,882
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £762.4M
Learn more about MGAM stock on TipRanks’ Stock Analysis page.
