Morgan Advanced Materials (OTCMKTS:MCRUF) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Morgan Advanced Materials (OTCMKTS:MCRUF) from a hold rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “Morgan Advanced Materials plc provides ceramic materials. It engaged in design and manufacture components for use in ultrasonic Accoustic Doppler Current Profilers technologies for oceanographic, waterway and waste water usage. Morgan Advanced Materials plc is headquartered in Windsor, the United Kingdom. “

Several other equities research analysts have also recently issued reports on the stock. Citigroup restated a buy rating on shares of Morgan Advanced Materials in a research report on Friday, April 3rd. They noted that the move was a valuation call. ValuEngine raised shares of Morgan Advanced Materials from a strong sell rating to a sell rating in a research report on Monday, March 30th. Finally, Berenberg Bank reiterated a buy rating on shares of Morgan Advanced Materials in a report on Monday, March 9th.

Shares of MCRUF opened at $3.14 on Tuesday. Morgan Advanced Materials has a 52-week low of $2.36 and a 52-week high of $3.80. The stock has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $3.17.

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company offers insulating fibers, bricks, and monolithics; structural ceramics; electrical carbon, linear, and rotary transfer systems; seals and bearings; piezoelectric sensors and transducers; crucibles for metals processing; ballistic protection products; and ceramic cores for investment casting, as well as braze alloys.

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