Morgan Advanced Materials (OTCMKTS:MCRUF) Shares Gap Down - Should You Sell?

Key Points

• Morgan Advanced Materials' stock gapped down, opening at $2.64, after closing at $2.73.
• The company's current average rating is a "Moderate Buy" based on one Buy rating and one Hold rating from analysts.
• Despite its recent drop of 3.3%, Morgan Advanced Materials maintains a strong current ratio of 1.82 and a debt-to-equity ratio of 0.87.

Morgan Advanced Materials (OTCMKTS:MCRUF - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $2.73, but opened at $2.64. Morgan Advanced Materials shares last traded at $2.64, with a volume of 3,791 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reissued an "outperform" rating on shares of Morgan Advanced Materials in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Morgan Advanced Materials Stock Down 3.3%

The company has a current ratio of 1.82, a quick ratio of 1.19 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $2.90 and a two-hundred day simple moving average of $2.71.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.

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