Morgan Advanced Materials (OTCMKTS:MCRUF) Sets New 52-Week High – Should You Buy?

Morgan Advanced Materials (OTCMKTS:MCRUF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $3.23 and last traded at $3.23, with a volume of 181 shares traded. The stock had previously closed at $2.95.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded 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.com, Morgan Advanced Materials has an average rating of “Hold”.

Morgan Advanced Materials Trading Up 9.5%

The business has a 50 day simple moving average of $2.84 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.