Morgan Advanced Materials (OTCMKTS:MCRUF) Stock Price Up 12.4% – Here’s Why

by · The Cerbat Gem

Shares of Morgan Advanced Materials (OTCMKTS:MCRUF – Get Free Report) traded up 12.4% during mid-day trading on Tuesday . The company traded as high as $2.90 and last traded at $2.90. 3,000 shares changed hands during trading, an increase of 399,900% from the average session volume of 1 shares. The stock had previously closed at $2.58.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded Morgan Advanced Materials from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Research Report on Morgan Advanced Materials

Morgan Advanced Materials Trading Up 12.4%

The stock has a fifty day moving average of $2.72 and a two-hundred day moving average of $2.81.

About Morgan Advanced Materials

(Get Free Report)

Morgan Advanced Materials is a global engineering group specializing in the design, development and manufacture of advanced ceramic, carbon and composite materials. Founded in 1856 and headquartered in Windsor, England, the company serves a broad range of end markets by providing high-performance materials and components that enable critical applications in industries such as energy, electronics, aerospace, transportation and medical equipment.

The company’s portfolio includes engineered ceramics for thermal management and insulation, carbon materials for electrical and mechanical applications, and composite assemblies for wear-resistant and refractory uses.

Featured Stories