Australia's Quickstep eyes best day in a week on order win

Quickstep Holdings

01/09/2022 03:46

** Shares of Quickstep Holdings Ltd  QHL.AX  rise as much as
5.9% to A$0.450
    ** Stock to mark best day in a week if gains hold
    ** Aerospace component maker says it secured orders for
composite airframe parts totalling A$5.4 mln ($3.68 mln) from
Australian drone logistics co Swoop Aero  urn:newsml:reuters.com:*:nFWN3071VM
    ** Adds it doubled the size of its Geelong facility to
accommodate firm and anticipated demand
    ** About 46,800 shares change hands, 1.4 times the 30-day
average of more than 34,100 shares 
    ** Stock had fallen 2.3% this year, as of last close

($1 = 1.4669 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))