Matrix Service Co (MTRX) Given Average Rating of “Hold” by Analysts

Shares of Matrix Service Co (NASDAQ:MTRX) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company.

A number of equities analysts have recently commented on MTRX shares. BidaskClub lowered shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Matrix Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st.

Shares of Matrix Service (NASDAQ:MTRX) traded down $0.10 during trading hours on Wednesday, reaching $14.75. 191,900 shares of the company traded hands, compared to its average volume of 203,721. Matrix Service has a twelve month low of $7.80 and a twelve month high of $20.25. The firm has a market cap of $398.23, a P/E ratio of -59.00 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.96.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Matrix Service had a negative net margin of 0.59% and a negative return on equity of 1.97%. The firm had revenue of $282.90 million during the quarter, compared to the consensus estimate of $298.43 million. During the same period last year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. equities research analysts anticipate that Matrix Service will post 0.69 earnings per share for the current year.

In other Matrix Service news, CEO John R. Hewitt sold 5,000 shares of Matrix Service stock in a transaction on Friday, December 15th. The shares were sold at an average price of $17.66, for a total value of $88,300.00. Following the completion of the sale, the chief executive officer now directly owns 283,529 shares of the company’s stock, valued at $5,007,122.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Matrix Service in the 3rd quarter worth about $138,000. Voya Investment Management LLC boosted its stake in Matrix Service by 22.5% in the second quarter. Voya Investment Management LLC now owns 16,344 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 2,997 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in shares of Matrix Service during the 3rd quarter valued at approximately $171,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Matrix Service during the 3rd quarter valued at approximately $185,000. Finally, Numeric Investors LLC purchased a new stake in shares of Matrix Service during the 2nd quarter valued at approximately $201,000. 89.73% of the stock is owned by institutional investors.

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Matrix Service Company Profile

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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