Matrix Service (NASDAQ:MTRX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.30 and traded as high as $12.68. Matrix Service shares last traded at $12.06, with a volume of 262,487 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on MTRX shares. DA Davidson raised their price objective on Matrix Service from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. StockNews.com cut Matrix Service from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th.
View Our Latest Research Report on MTRX
Matrix Service Stock Performance
The firm has a market cap of $327.14 million, a price-to-earnings ratio of -9.71 and a beta of 1.28. The business's 50 day moving average price is $13.59 and its 200 day moving average price is $12.31.
Matrix Service (NASDAQ:MTRX - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.02. Matrix Service had a negative return on equity of 20.81% and a negative net margin of 4.76%. Sell-side analysts anticipate that Matrix Service will post -0.26 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Matrix Service
Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in Matrix Service by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 72,587 shares of the company's stock valued at $837,000 after buying an additional 2,987 shares during the period. Royce & Associates LP boosted its stake in shares of Matrix Service by 14.3% in the 3rd quarter. Royce & Associates LP now owns 863,262 shares of the company's stock valued at $9,953,000 after buying an additional 107,820 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Matrix Service by 44.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 166,302 shares of the company's stock worth $1,917,000 after buying an additional 51,433 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Matrix Service by 2.9% in the third quarter. Dynamic Technology Lab Private Ltd now owns 56,498 shares of the company's stock valued at $651,000 after acquiring an additional 1,573 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in 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. 78.38% of the stock is currently owned by institutional investors and hedge funds.
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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