Morgan Advanced Materials ( (GB:MGAM) ) has provided an update.
Morgan Advanced Materials PLC has announced the purchase of 40,000 of its ordinary shares at a weighted average price of 261.5146 pence per share, as part of its share buyback program initiated in November 2024. This move to cancel the purchased shares is expected to optimize the company’s capital structure, potentially enhancing shareholder value and signaling confidence in its financial health.
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 products. The company serves a variety of sectors, including transportation, healthcare, and energy, with a focus on delivering innovative solutions that enhance performance and efficiency.
YTD Price Performance: -3.31%
Average Trading Volume: 851,367
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £740.4M
See more data about MGAM stock on TipRanks’ Stock Analysis page.