Matrix Service Co. Hits New 52-Week High at $32.92 (MTRX)
Shares of Matrix Service (NASDAQ:MTRX) hit a new 52-week high on Friday, Analyst Ratings Network.com reports. The company traded as high as $32.92 and last traded at $30.75, with a volume of 613,179 shares trading hands. The stock had previously closed at $31.92.
MTRX has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Matrix Service from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 16th. They now have a $28.00 price target on the stock. Separately, 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 DA Davidson raised their price target on shares of Matrix Service from $25.00 to $26.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Matrix Service has a consensus rating of “Buy” and a consensus target price of $27.50.
Matrix Service has a 52-week low of $12.52 and a 52-week high of $32.12. The stock has a 50-day moving average of $25. and a 200-day moving average of $20.5. The company has a market cap of $806.0 million and a P/E ratio of 32.57.
Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.11. The company had revenue of $311.00 million for the quarter, compared to the consensus estimate of $245.25 million. During the same quarter last year, the company posted $0.21 earnings per share. Matrix Service’s revenue was up 40.5% compared to the same quarter last 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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