Morgan Advanced Materials (OTCMKTS:MCRUF) Shares Gap Down – Here’s What Happened

Shares of Morgan Advanced Materials (OTCMKTS:MCRUF) gapped down prior to trading on Tuesday . The stock had previously closed at $3.23, but opened at $2.97. Morgan Advanced Materials shares last traded at $2.97, with a volume of 600 shares changing hands.

Analyst Upgrades and Downgrades

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 data from MarketBeat, the company currently has a consensus rating of “Hold”.

Morgan Advanced Materials Trading Down 8.0%

The company has a debt-to-equity ratio of 0.95, a current ratio of 1.74 and a quick ratio of 1.11. The business has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $2.85.

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.