Morgan Advanced Materials (OTCMKTS:MCRUF) Shares Gap Up – Time to Buy?

Shares of Morgan Advanced Materials (OTCMKTS:MCRUF) gapped up before the market opened on Friday. The stock had previously closed at $3.40, but opened at $3.67. Morgan Advanced Materials shares last traded at $3.67, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded shares of Morgan Advanced Materials from a “sector perform” rating to an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Morgan Advanced Materials Stock Performance

The stock’s fifty day moving average is $3.32 and its two-hundred day moving average is $3.06.

About Morgan Advanced Materials

Morgan Advanced Materials plc is a United Kingdom-based materials science and engineering company that develops and manufactures advanced carbon, ceramic, and composite materials. Its products are designed to withstand demanding thermal, electrical, chemical, and mechanical conditions and are used in industrial, transportation, energy, healthcare, and semiconductor applications.

The company’s offerings include engineered ceramics, carbon brushes and electrical components, seals and bearings, thermal-management materials, insulation products, and components for high-temperature industrial processes.