Share on StockTwits
 

Shares of Matrix Service (NASDAQ:MTRX) hit a new 52-week high during trading on Monday, ARN reports. The stock traded as high as $24.89 and last traded at $24.84, with a volume of 209,187 shares trading hands. The stock had previously closed at $24.10.

A number of analysts have recently weighed in on MTRX shares. Analysts at DA Davidson raised their price target on shares of Matrix Service from $26.00 to $27.00 in a research note to investors on Tuesday, December 10th. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.50.

Matrix Service has a one year low of $11.83 and a one year high of $24.89. The stock’s 50-day moving average is $22.38 and its 200-day moving average is $19.0. The company has a market cap of $648.3 million and a P/E ratio of 24.59.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25. The company had revenue of $226.20 million for the quarter, compared to the consensus estimate of $238.81 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Matrix Service will post $1.14 earnings per share 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.