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Matrix Service (NASDAQ:MTRX) was upgraded by equities researchers at First Analysis to an “overweight” rating in a research report issued on Friday.

Matrix Service (NASDAQ:MTRX) opened at 22.86 on Friday. Matrix Service has a 52 week low of $15.87 and a 52 week high of $38.71. The stock has a 50-day moving average of $28.16 and a 200-day moving average of $31.6. The company has a market cap of $603.8 million and a price-to-earnings ratio of 21.90.

Matrix Service (NASDAQ:MTRX) last announced its earnings results on Wednesday, September 3rd. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.08. The company had revenue of $344.40 million for the quarter, compared to the consensus estimate of $354.21 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, analysts predict that Matrix Service will post $1.77 earnings per share for the current fiscal year.

MTRX has been the subject of a number of other recent research reports. Analysts at Johnson Rice upgraded shares of Matrix Service from an “overweight” rating to a “focus list” rating in a research note on Friday, July 11th. Analysts at Global Hunter Securities initiated coverage on shares of Matrix Service in a research note on Thursday, June 19th. They set a “neutral” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Matrix Service presently has an average rating of “Buy” and an average target price of $36.75.

Matrix Service Company provide engineering, fabrication, construction and maintenance services primarily to oil, gas, power, petrochemical, industrial and mining and minerals markets.

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