Materion Corp. Reaches New 12-Month High at $31.75 (MTRN)
Materion Corp. (NASDAQ:MTRN)’s share price reached a new 52-week high during mid-day trading on Wednesday, Stock Ratings Network reports. The stock traded as high as $31.75 and last traded at $31.72, with a volume of 22,220 shares traded. The stock had previously closed at $31.35.
Materion Corp. has a 1-year low of $18.84 and a 1-year high of $31.75. The stock’s 50-day moving average is $30.44 and its 200-day moving average is $28.88. The company has a market cap of $653.2 million and a P/E ratio of 24.86.
Materion Corp. (NASDAQ:MTRN) last announced its earnings results on Friday, July 26th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.02. The company had revenue of $306.10 million for the quarter, compared to the consensus estimate of $323.65 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts expect that Materion Corp. will post $1.74 EPS for the current fiscal year.
Materion Corporation, formerly Brush Engineered Materials Inc, is a holding Company. The Company, through its wholly owned subsidiaries, is an integrated producer of advanced engineered materials used in a variety of electrical, electronic, thermal and structural applications.
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