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Matrix Composites & Engineering Limited (ASX:MCE)‘s stock had its “accumulate” rating reiterated by research analysts at Hartley’s Research in a report released on Thursday. They currently have a $1.53 price target on the stock.

Matrix Composites & Engineering Limited (ASX:MCE) remained flat at A$1.095 during trading on Thursday. 11,813 shares of the company’s stock traded hands. Matrix Composites & Engineering Limited has a 1-year low of A$0.600 and a 1-year high of A$1.600. The stock’s 50-day moving average is A$1.11 and its 200-day moving average is A$1.24. The company has a market cap of A$103.5 million and a price-to-earnings ratio of 34.22.

Matrix Composites & Engineering Ltd provides solutions consisting of engineered products and integrated services to the global oil and gas, and mineral resources industries.

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