Matrix Composites & Engineering (ASX:MCE) Stock Price Down 1.3%

Matrix Composites & Engineering Limited (ASX:MCE)’s stock price was down 1.3% on Monday . The company traded as low as A$0.37 ($0.26) and last traded at A$0.37 ($0.26), approximately 20,249 shares were traded during trading. A decline of 75% from the average daily volume of 81,536 shares. The stock had previously closed at A$0.38 ($0.27).

The company has a fifty day moving average of A$0.38 and a 200-day moving average of A$0.35. The firm has a market cap of $35.30 million and a P/E ratio of -3.92. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.93 and a quick ratio of 1.22.

About Matrix Composites & Engineering (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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