Morgan Advanced Materials (OTCMKTS:MCRUF) Reaches New 12-Month High – What’s Next?

Morgan Advanced Materials (OTCMKTS:MCRUF) shares reached a new 52-week high on Wednesday . The stock 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.

Wall Street Analysts Forecast Growth

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

Morgan Advanced Materials Price Performance

The business has a 50 day moving average of $2.80 and a 200 day moving average of $2.84.

Morgan Advanced Materials Company Profile

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.