Electro Optic Systems is trading 8.9% up at A$7.56 as investors continue to accumulate the stock following a sharp post-earnings selloff.
- MPC Markets recently flagged the shares as materially oversold after heavy declines through June and July, framing the current move as a rebound buying opportunity.
- Sentiment is also being bolstered by a firmer broader defense sector, providing tailwinds in the absence of new fundamental company news.