Matrix Service Co (NASDAQ:MTRX) has been given an average rating of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.00.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Matrix Service from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Tuesday, November 14th.
Shares of Matrix Service (NASDAQ MTRX) traded down $0.15 on Friday, hitting $19.35. 114,782 shares of the stock were exchanged, compared to its average volume of 169,011. The firm has a market capitalization of $521.59, a price-to-earnings ratio of -87.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.74 and a quick ratio of 1.72. Matrix Service has a 1-year low of $7.80 and a 1-year high of $23.10.
In other Matrix Service news, CEO John R. Hewitt sold 5,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $17.66, for a total transaction of $88,300.00. Following the sale, the chief executive officer now directly owns 283,529 shares of the company’s stock, valued at $5,007,122.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Matrix Service during the third quarter worth about $138,000. Voya Investment Management LLC grew its stake in Matrix Service by 22.5% during the second quarter. Voya Investment Management LLC now owns 16,344 shares of the oil and gas company’s stock worth $153,000 after buying an additional 2,997 shares during the last quarter. Cullen Capital Management LLC bought a new stake in Matrix Service during the second quarter worth about $157,000. Brandes Investment Partners LP bought a new stake in Matrix Service during the third quarter worth about $171,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Matrix Service during the third quarter worth about $185,000. 88.28% of the stock is currently owned by hedge funds and other institutional investors.
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About Matrix Service
Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The Company’s segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.
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