Morgan Advanced Materials plc (OTCMKTS:MCRUF)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $5.48 and last traded at $5.48, with a volume of 0 shares. The stock had previously closed at $5.48.
Separately, Zacks Investment Research upgraded Morgan Advanced Materials from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Tuesday.
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 stock’s fifty day moving average is $4.38 and its two-hundred day moving average is $4.33. The company has a market cap of $1.56 billion, a price-to-earnings 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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