Matrix Service (NASDAQ:MTRX - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.17 and traded as high as $12.35. Matrix Service shares last traded at $12.30, with a volume of 133,088 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Matrix Service from a "hold" rating to a "buy" rating in a research report on Tuesday, December 10th. DA Davidson reaffirmed a "buy" rating and set a $18.00 target price on shares of Matrix Service in a report on Thursday, September 26th.
Check Out Our Latest Analysis on Matrix Service
Matrix Service Price Performance
The stock's fifty day simple moving average is $12.71 and its 200-day simple moving average is $11.17. The stock has a market cap of $350.22 million, a P/E ratio of -11.35 and a beta of 1.28.
Matrix Service (NASDAQ:MTRX - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.01). Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.56%. The company had revenue of $165.58 million for the quarter, compared to analyst estimates of $183.90 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. Analysts forecast that Matrix Service will post -0.04 EPS for the current year.
Institutional Trading of Matrix Service
Several hedge funds have recently added to or reduced their stakes in MTRX. Quarry LP bought a new stake in shares of Matrix Service in the 3rd quarter worth $53,000. Quest Partners LLC acquired a new position in Matrix Service during the second quarter worth about $83,000. BNP Paribas Financial Markets grew its holdings in Matrix Service by 112.9% during 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 period. SG Americas Securities LLC bought a new stake in Matrix Service in the third quarter worth about $108,000. Finally, Net Worth Advisory Group bought a new position in shares of Matrix Service during the 3rd quarter valued at about $125,000. Institutional investors own 78.38% of the company's stock.
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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