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Morgan Advanced Materials (OTCMKTS:MCRUF) Shares Gap Up - Still a Buy?

Morgan Advanced Materials logo with Industrials background

Key Points

  • Morgan Advanced Materials shares jumped from $2.64 to $3.12, marking a significant increase before the market opened.
  • The stock currently holds a Moderate Buy rating, with one analyst recommending a Buy and another a Hold.
  • Its current financial indicators show a debt-to-equity ratio of 0.87 and a current ratio of 1.82, signaling a relatively healthy balance sheet.
  • Five stocks to consider instead of Morgan Advanced Materials.

Morgan Advanced Materials (OTCMKTS:MCRUF - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $2.64, but opened at $3.12. Morgan Advanced Materials shares last traded at $3.12, with a volume of 250 shares trading hands.

Analyst Ratings Changes

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

Get Our Latest Research Report on MCRUF

Morgan Advanced Materials Stock Up 18.2%

The company's fifty day moving average price is $2.80 and its 200 day moving average price is $2.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.82 and a quick ratio of 1.19.

About Morgan Advanced Materials

(Get Free Report)

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.

Further Reading

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