Matrix Service Co. Hits New 52-Week High at $24.89 (MTRX)
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.
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