Morgan Advanced Materials (OTCMKTS:MCRUF – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,728 shares, a decrease of 69.9% from the June 15th total of 5,747 shares. Based on an average daily volume of 519 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.0% of the shares of the company are short sold.
Morgan Advanced Materials Stock Performance
OTCMKTS:MCRUF remained flat at $2.74 during midday trading on Friday. The business’s 50 day moving average price is $2.91 and its 200-day moving average price is $2.98. Morgan Advanced Materials has a 1-year low of $2.58 and a 1-year high of $3.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 0.80.
About Morgan Advanced Materials
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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