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Prices & Quotes - UK Markets - Morgan Advanced Materials (MGAM)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 349.00p
Change Today:
4.00p
Market Cap:
995.94m
Sector:
Electronic & Electrical Equipment

Morgan Advanced Materials sells Allentown facility assets

By Michele Maatouk

Date: Tuesday 01 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Morgan Advanced Materials said on Tuesday that it has sold the assets of its facility in Allentown, Pennsylvania in the US for its Diamonex business to BEST Engineered Surface Technologies for an undisclosed sum.
The Diamonex business manufactures, among other products, chemical mechanical planarisation pad conditioners sold into the semi-conductor market, scratch and wear resistant windows and other coating products and services, including diamond like carbon coatings.

The Allentown site had revenues of 6.8m in 2019.

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MGAM Market Data

Currency UK Pounds
Price 349.00p
Change Today 4.00p
52 Week High 358.00p
52 Week Low 210.00p
Volume 208,566
Shares Issued 285.37m
Market Cap 995.94m

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGAM Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Apr-21 19-Nov-20
Paid 21-May-21 11-Dec-20
Amount 3.50p 2.00p

Trades for 22-Jun-2021

Time Volume / Share Price
16:35 149,916 @ 349.00p
16:29 56 @ 346.50p
16:29 652 @ 347.00p
16:29 914 @ 347.00p
16:29 342 @ 347.00p

MGAM Key Personnel

CEO Pete Raby
CFO Peter Turner