How to buy Matrix Composites & Engineering shares | A$0.16

Matrix Composites & Engineering Ltd is an engineering & construction business based in Australia. Matrix Composites & Engineering shares (MCE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.16 – the same closing value as a week prior. Matrix Composites & Engineering has a trailing 12-month revenue of around $27.4 million.

How to buy shares in Matrix Composites & Engineering

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Matrix Composites & Engineering . Find the share by name or ticker symbol: MCE. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Matrix Composites & Engineering reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.16, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Matrix Composites & Engineering . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

🧪How we chose these brokers

For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted Matrix Composites & Engineering 's share price?

Since the stock market crash in March caused by coronavirus, Matrix Composites & Engineering 's share price has had significant negative movement.

Its last market close was $0.16, which is 54.29% down on its pre-crash value of $0.35 and 9.37% down on the lowest point reached during the March crash when the shares fell as low as $0.175.

If you had bought $1,000 worth of Matrix Composites & Engineering shares at the start of February 2020, those shares would have been worth $606.56 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $524.59.

Matrix Composites & Engineering share price

Use our graph to track the performance of MCE stocks over time.

Matrix Composites & Engineering shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.16
52-week range	AUDA$0.14 - AUDA$0.41
50-day moving average	AUDA$0.1567
200-day moving average	AUDA$0.1721
Target price	AUDA$0.45
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$-0.088

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

Go to site

More info

Important: Share trading carries risk of capital loss.

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Matrix Composites & Engineering stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Matrix Composites & Engineering Ltd by TradingView

Matrix Composites & Engineering price performance over time

Historical closes compared with the close of A$0.16 on 2020-10-22

1 week (2020-10-16)	0%
1 month (2020-09-25)	10.34%
3 months (2020-07-24)	0%
6 months (2020-04-24)	-17.95%

1 year (2019-10-24)	-54.93%
2 years (2018-10-23)	-66.32%
3 years (2017-10-24)	-66.32%
5 years (2015-10-23)	-74.60%

Is Matrix Composites & Engineering under- or over-valued?

Valuing Matrix Composites & Engineering stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Matrix Composites & Engineering 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Matrix Composites & Engineering 's EBITDA

Matrix Composites & Engineering 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.1 million.

The EBITDA is a measure of a Matrix Composites & Engineering 's overall financial performance and is widely used to measure a its profitability.

Matrix Composites & Engineering financials

Revenue TTM	$27.4 million
Gross profit TTM	$-4,318,000
Return on assets TTM	-9.13%
Return on equity TTM	-105.74%
Profit margin	-235%
Book value	0.282
Market capitalisation	$16.4 million

TTM: trailing 12 months

Matrix Composites & Engineering share dividends

We're not expecting Matrix Composites & Engineering to pay a dividend over the next 12 months.

Matrix Composites & Engineering share price volatility

Over the last 12 months, Matrix Composites & Engineering 's shares have ranged in value from as little as $0.14 up to $0.41. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Matrix Composites & Engineering 's is 1.8584. This would suggest that Matrix Composites & Engineering 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Matrix Composites & Engineering overview

Matrix Composites & Engineering Ltd, together with its subsidiaries, designs, manufactures, sells, and engineers composite and material technology solutions to the oil and gas, civil and infrastructure, resources, defense, and transportation industries in Australia and internationally. It offers conventional riser buoyancy systems; Nautilus riser protection; Riser sealing mandrel; Matrix Longitudinal Groove System (LGS) VIV and Drag Reduction; and Matrix LGS VIV suppression, as well as buoyancy system testing services, such as hyperbaric, buoyancy verification tank, mechanical, laboratory, and material testing. The company also provides well construction products, such as Max-R, a range of low friction composite drilling and completions centralizers. In addition, it offers distributed buoyancy clamping systems, IsoBlox buoyancy building block systems, mid water arch buoyancy, permanent subsurface mooring buoyancy, pipeline buckle mitigation buoyancy, steel catenary riser buoyancy, and production riser buoyancy systems; buoyancy balls, cuboids, and tablets; and pipeline installation buoyancy products. Further, the company provides Paragon epoxy resin systems; Kinetica dropped object protection cell systems; energy absorption systems; and Matrix LGS free span remediation solutions. Additionally, it offers Cetrafoam molded pipe cryogenic insulation products; Xirtherm C140 composite cryogenic thermal break blocks; and composite pipe reinforcement systems. The company was founded in 1980 and is headquartered in Henderson, Australia.

Frequently asked questions

• What percentage of Matrix Composites & Engineering is owned by insiders or institutions?

  Currently 27.98% of Matrix Composites & Engineering shares are held by insiders and 43.236% by institutions.

• When does the fiscal year end for Matrix Composites & Engineering ?

  Matrix Composites & Engineering 's fiscal year ends in June.

• Where is Matrix Composites & Engineering based?

  Matrix Composites & Engineering 's address is: 150 Quill Way, Henderson, WA, Australia, 6166

• What is Matrix Composites & Engineering 's ISIN number?

  Matrix Composites & Engineering 's international securities identification number is: AU000000MCE6