Morgan Advanced Materials (OTCMKTS:MCRUF) Reaches New 1-Year High – Should You Buy?

Morgan Advanced Materials (OTCMKTS:MCRUFGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as $3.23 and last traded at $3.23, with a volume of 181 shares trading hands. The stock had previously closed at $2.95.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Morgan Advanced Materials

Morgan Advanced Materials Price Performance

The stock’s 50-day simple moving average is $2.80 and its 200 day simple moving average is $2.84.

About Morgan Advanced Materials

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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.

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