Morgan Advanced Materials (OTCMKTS:MCRUF) Sets New 52-Week High – Time to Buy?

Morgan Advanced Materials (OTCMKTS:MCRUF) reached a new 52-week high during trading on Thursday . The company traded as high as $3.23 and last traded at $3.23, with a volume of 3000 shares. The stock had previously closed at $2.95.

Wall Street Analysts Forecast Growth

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

Morgan Advanced Materials Price Performance

The firm’s 50 day moving average price is $2.78 and its two-hundred day moving average price is $2.84.

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.