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Matrix Composites & Engineering Ltd ( (AU:MCE) ) just unveiled an update.
Matrix Composites & Engineering Ltd announced a change in the director’s interest, specifically involving Brendan Cocks. The change includes the acquisition of 147,277 ordinary fully paid shares and the lapse of 667,267 options and 220,917 performance rights due to unmet vesting conditions. This adjustment reflects the company’s internal governance and compliance with ASX regulations, potentially affecting shareholder interests and the company’s market perception.
The most recent analyst rating on (AU:MCE) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd operates in the engineering sector, focusing on the production of composite materials and engineering solutions. The company is known for its innovative products and services that cater to various industrial applications, enhancing operational efficiency and performance.
Average Trading Volume: 414,709
Technical Sentiment Signal: Hold
Current Market Cap: A$58.19M
Learn more about MCE stock on TipRanks’ Stock Analysis page.