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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has issued an announcement.
Matrix Composites & Engineering Ltd announced a change in the director’s interest, with Peter Hood disposing of 430,000 ordinary fully paid shares through an on-market trade. This transaction reduced the total number of shares held by Mr. Hood to 1,178,000. The disposal of shares by a director can signal various strategic decisions or personal financial management, potentially impacting stakeholder perceptions and market dynamics.
The most recent analyst rating on (AU:MCE) stock is a Buy with a A$0.44 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 and manufacturing industry, specializing in the production of advanced composite materials and engineering solutions. The company primarily focuses on providing products and services to the oil and gas, resources, and defense sectors.
Average Trading Volume: 291,863
Technical Sentiment Signal: Sell
Current Market Cap: A$47M
For a thorough assessment of MCE stock, go to TipRanks’ Stock Analysis page.