Morgan Advanced Materials (OTCMKTS:MCRUF) Shares Gap Down – Here’s Why

Morgan Advanced Materials (OTCMKTS:MCRUFGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $2.85, but opened at $2.6092. Morgan Advanced Materials shares last traded at $2.6092, with a volume of 900 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Morgan Advanced Materials in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Morgan Advanced Materials has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on MCRUF

Morgan Advanced Materials Stock Up 1.1%

The business has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $2.77.

About Morgan Advanced Materials

(Get Free Report)

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.

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