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An announcement from Metal Powder Works Limited ( (AU:MPW) ) is now available.
Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in Metal Powder Works Limited, as required under Australian corporations law. The change signals that Macquarie’s aggregate voting interest in Metal Powder Works has fallen below the substantial holding threshold, potentially reducing the presence of a major institutional investor on the company’s register and indicating a shift in its shareholder base that investors may monitor for implications on liquidity and market perception.
The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.
More about Metal Powder Works Limited
Metal Powder Works Limited, listed on the ASX under the code MPW.AX, operates in the materials and metal processing sector, focusing on the production and commercialization of metal powders. Its business is tied to industrial and manufacturing applications where precision metal powders are used, positioning the company within specialist supply chains serving advanced manufacturing, energy, and related industries.
Average Trading Volume: 283,483
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$268.4M
For a thorough assessment of MPW stock, go to TipRanks’ Stock Analysis page.