Matrix Service (NASDAQ:MTRX - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Friday.
Separately, DA Davidson reiterated a "buy" rating and set a $18.00 price target on shares of Matrix Service in a report on Thursday, September 26th.
Get Our Latest Stock Analysis on Matrix Service
Matrix Service Stock Performance
MTRX traded down $0.05 during midday trading on Friday, hitting $11.69. The stock had a trading volume of 131,121 shares, compared to its average volume of 226,957. The company has a market cap of $319.24 million, a P/E ratio of -15.38 and a beta of 1.26. Matrix Service has a 1 year low of $8.61 and a 1 year high of $13.90. The business has a fifty day moving average of $10.49 and a 200 day moving average of $10.74.
Matrix Service (NASDAQ:MTRX - Get Free Report) last released its earnings results on Monday, September 9th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.07. The company had revenue of $189.50 million for the quarter, compared to analyst estimates of $215.61 million. Matrix Service had a negative net margin of 3.43% and a negative return on equity of 16.87%. On average, equities research analysts anticipate that Matrix Service will post -0.05 earnings per share for the current year.
Institutional Investors Weigh In On Matrix Service
A number of large investors have recently made changes to their positions in MTRX. Quest Partners LLC bought a new position in shares of Matrix Service during the second quarter valued at approximately $83,000. SG Americas Securities LLC purchased a new stake in shares of Matrix Service in the 3rd quarter worth about $108,000. The Manufacturers Life Insurance Company bought a new position in shares of Matrix Service in the 2nd quarter worth about $110,000. Net Worth Advisory Group bought a new stake in Matrix Service during the third quarter worth about $125,000. Finally, XTX Topco Ltd boosted its stake in Matrix Service by 66.3% during the second quarter. XTX Topco Ltd now owns 20,932 shares of the company's stock worth $208,000 after acquiring an additional 8,344 shares in the last quarter. 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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