Matrix Service (NASDAQ:MTRX) was downgraded by First Analysis to an “equal weight” rating in a research note issued on Wednesday, Analyst Ratings.Net reports.
Matrix Service (NASDAQ:MTRX) opened at 19.96 on Wednesday. Matrix Service has a 52-week low of $10.05 and a 52-week high of $19.97. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $16.20. The company has a market cap of $521.2 million and a P/E ratio of 21.93.
Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.02. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $226.63 million. During the same quarter last year, the company posted $0.07 earnings per share. Matrix Service’s revenue was up 27.4% compared to the same quarter last year. On average, analysts predict that Matrix Service will post $1.13 earnings per share for the current fiscal year.
In other Matrix Service news, Director Tom Maxwell sold 6,871 shares of Matrix Service stock on the open market in a transaction dated Thursday, September 19th. The stock was sold at an average price of $17.90, for a total transaction of $122,990.90. Following the completion of the sale, the director now directly owns 38,329 shares in the company, valued at approximately $686,089. The sale was disclosed in a document filed with the SEC, which is available at this link.
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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