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Morgan Advanced Materials ( (GB:MGAM) ) has shared an update.
Morgan Advanced Materials PLC announced the purchase of 38,437 of its own ordinary shares at prices ranging from 270.50 to 276.00 pence, with a weighted average price of 272.6233 pence. This buyback is part of a previously announced programme aimed at optimizing the company’s capital structure and is expected to influence their market positioning by reducing the number of shares in circulation, potentially enhancing shareholder value.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC is a company specializing in advanced materials and engineering solutions, serving various industries with products that include thermal ceramics, carbon and technical ceramics, and composite materials. They focus on sectors such as aerospace, healthcare, and transportation, providing materials that enhance performance and efficiency.
YTD Price Performance: 0.18%
Average Trading Volume: 948,484
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £765.4M
Find detailed analytics on MGAM stock on TipRanks’ Stock Analysis page.
