Shares of Morgan Advanced Materials plc (OTCMKTS:MCRUF) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.48 and last traded at $5.48, with a volume of 0 shares traded. The stock had previously closed at $5.48.
Separately, Zacks Investment Research raised shares of Morgan Advanced Materials from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research note on Wednesday.
The firm’s 50 day moving average price is $4.52 and its 200-day moving average price is $4.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.05 and a current ratio of 1.49. The firm has a market capitalization of $1.56 billion, a PE ratio of 22.83 and a beta of 0.69.
Morgan Advanced Materials Plc is a materials technology company, which engages in engineering of ceramics, carbon, and composites. It operates through Thermal Products, and Carbon and Technical Ceramics divisions. The Thermal Products division comprises thermal ceramics and molten metal systems. The Carbon and Technical Ceramics division consists electrical carbon, seals and bearing, and technical ceramics.
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