Morgan Advanced Materials ( (GB:MGAM) ) has shared an update.
Morgan Advanced Materials PLC announced the repurchase of 22,058 of its ordinary shares at a weighted average price of 214.5101 pence per share, as part of its ongoing buyback program. The company intends to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and potentially boosting the stock price.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, focusing on developing and manufacturing high-performance materials and products. The company serves a variety of sectors, including transportation, electronics, healthcare, and industrial markets, providing solutions that enhance the performance and efficiency of its customers’ products.
YTD Price Performance: -20.04%
Average Trading Volume: 1,000,992
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £611M
For an in-depth examination of MGAM stock, go to TipRanks’ Stock Analysis page.
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