Matrix Service (NASDAQ:MTRX - Get Free Report) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Thursday.
Matrix Service Trading Up 6.3 %
NASDAQ MTRX traded up $0.89 during midday trading on Thursday, hitting $15.07. The company had a trading volume of 355,833 shares, compared to its average volume of 208,293. The company has a market capitalization of $415.33 million, a PE ratio of -12.35 and a beta of 1.28. Matrix Service has a twelve month low of $8.61 and a twelve month high of $15.45. The firm has a 50-day moving average price of $13.20 and a 200-day moving average price of $11.78.
Matrix Service (NASDAQ:MTRX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. Matrix Service had a negative net margin of 4.76% and a negative return on equity of 20.81%. On average, equities analysts anticipate that Matrix Service will post -0.04 EPS for the current year.
Institutional Investors Weigh In On Matrix Service
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Matrix Service in the 4th quarter valued at $45,000. Quarry LP acquired a new position in Matrix Service during the third quarter worth about $53,000. BNP Paribas Financial Markets lifted its holdings in shares of Matrix Service by 112.9% in the third quarter. BNP Paribas Financial Markets now owns 9,165 shares of the company's stock worth $106,000 after acquiring an additional 4,860 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Matrix Service during the 3rd quarter valued at approximately $108,000. Finally, Net Worth Advisory Group acquired a new position in Matrix Service during the 3rd quarter worth approximately $125,000. 78.38% of the stock is currently owned by institutional investors.
About Matrix Service
(
Get Free Report)
Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.
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