Morgan Advanced Materials (OTCMKTS:MCRUF) Hits New 12-Month High – Here’s Why

Morgan Advanced Materials (OTCMKTS:MCRUF – Get Free Report) reached a new 52-week high during trading on Tuesday. The stock traded as high as $3.61 and last traded at $3.61, with a volume of 180 shares changing hands. The stock had previously closed at $3.22.

Morgan Advanced Materials Stock Performance

The business’s 50-day simple moving average is $3.31 and its two-hundred day simple moving average is $3.05.

About Morgan Advanced Materials

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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.

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