Morgan Advanced Materials (OTCMKTS:MCRUF) Reaches New 12-Month High at $5.48

Shares of Morgan Advanced Materials plc (OTCMKTS:MCRUF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $5.48 and last traded at $5.48, with a volume of 0 shares changing hands. The stock had previously closed at $5.48.

Separately, Zacks Investment Research upgraded shares of Morgan Advanced Materials from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research report on Thursday, September 30th.

The company has a quick ratio of 1.05, a current ratio of 1.49 and a debt-to-equity ratio of 0.74. The firm has a market cap of $1.56 billion, a PE ratio of 22.83 and a beta of 0.69. The firm’s 50 day moving average is $4.90 and its 200-day moving average is $4.51.

About Morgan Advanced Materials (OTCMKTS:MCRUF)

Morgan Advanced Materials Plc is a materials technology company, which engages in engineering of ceramics, carbon, and composites. It operates through Thermal Products, and Carbon and Technical Ceramics divisions. The Thermal Products division comprises thermal ceramics and molten metal systems. The Carbon and Technical Ceramics division consists electrical carbon, seals and bearing, and technical ceramics.

Further Reading: What is the yield curve?

Receive News & Ratings for Morgan Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.