Matrix Composites & Engineering (ASX:MCE) Stock Passes Below 200-Day Moving Average of $0.35

Matrix Composites & Engineering Limited (ASX:MCE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.35 and traded as low as $0.21. Matrix Composites & Engineering shares last traded at $0.21, with a volume of 127,949 shares trading hands.

The business’s 50 day moving average is A$0.30 and its 200 day moving average is A$0.35. The company has a debt-to-equity ratio of 36.24, a quick ratio of 2.48 and a current ratio of 3.17. The stock has a market cap of $20.46 million and a price-to-earnings ratio of -2.70.

Matrix Composites & Engineering Company Profile (ASX:MCE)

Matrix Composites & Engineering Ltd, together with its subsidiaries, manufactures and supplies engineered products and services for the energy sector worldwide. It offers riser buoyancy systems, including Longitudinal Groove System; conventional riser buoyancy systems; Nautilus riser protection; and marine riser management, maintenance, and rental services, as well as buoyancy system testing services, such as hydrostatic testing, function and fit-up testing, riser joint stack testing, and displacement testing.

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