Why Materion (MTRN) Stock Is Moving Today

Materion (MTRN, Financial) has seen its stock price move recently due to a revised profitability outlook for 2024. The company lowered its guidance, causing investor sentiment to shift significantly. Presently, the stock is valued at $105.35, reflecting a 4.9% change in its valuation. The downward revision in Materion's (MTRN, Financial) adjusted EPS guidance, now projected between$ 5.20 to $5.40, is a central factor in the stock's recent dip. This adjustment comes amidst a slower-than-anticipated order int ...