Morgan Advanced Materials (OTCMKTS:MCRUF – Get Free Report) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 2,856 shares, an increase of 435.8% from the February 12th total of 533 shares. Based on an average daily volume of 56 shares, the short-interest ratio is presently 51.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 56 shares, the short-interest ratio is presently 51.0 days.
Morgan Advanced Materials Stock Performance
MCRUF remained flat at $2.98 during trading on Wednesday. Morgan Advanced Materials has a 12-month low of $2.37 and a 12-month high of $3.27. The company has a current ratio of 1.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $3.06 and a 200 day moving average price of $2.88.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada lowered Morgan Advanced Materials from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Morgan Advanced Materials Company Profile
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.
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