Matrix Service Co. Reaches New 12-Month High at $19.41 (MTRX)
Shares of Matrix Service (NASDAQ:MTRX) hit a new 52-week high during mid-day trading on Monday, AR Network reports. The stock traded as high as $19.41 and last traded at $19.41, with a volume of 55,041 shares trading hands. The stock had previously closed at $19.31.
In other Matrix Service news, Director Tom Maxwell sold 6,871 shares of the stock on the open market in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $17.90, for a total value of $122,990.90. Following the sale, the director now directly owns 38,329 shares of the company’s stock, valued at approximately $686,089. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Matrix Service has a 52-week low of $10.05 and a 52-week high of $19.39. The stock’s 50-day moving average is $16.87 and its 200-day moving average is $16.14. The company has a market cap of $512.3 million and a P/E ratio of 21.22.
Matrix Service (NASDAQ:MTRX) last released its earnings data on Tuesday, September 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $226.63 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. Analysts expect that Matrix Service will post $1.13 EPS for the current fiscal year.
Matrix Service Company provides engineering, fabrication, construction and maintenance services primarily to oil, gas, power, petrochemical, industrial and mining and minerals markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.