Matrix Service Co. (NASDAQ:MTRX) traded up 2.4% during mid-day trading on Friday . The stock traded as high as $17.94 and last traded at $17.80, with a volume of 101,593 shares trading hands. The stock had previously closed at $17.39.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Matrix Service from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Barclays PLC dropped their price objective on Matrix Service from $41.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, June 6th. Finally, Avondale Partners raised Matrix Service from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $25.63.

The firm’s 50 day moving average price is $16.45 and its 200-day moving average price is $17.50. The company has a market capitalization of $477.74 million and a P/E ratio of 15.88.

Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by $0.13. During the same period last year, the business earned ($0.11) EPS. The firm earned $309.40 million during the quarter, compared to analysts’ expectations of $317.86 million. Matrix Service’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that Matrix Service Co. will post $1.04 earnings per share for the current year.

In related news, Director Jim W. Mogg acquired 10,000 shares of Matrix Service stock in a transaction dated Thursday, May 12th. The stock was purchased at an average cost of $15.15 per share, for a total transaction of $151,500.00. Following the purchase, the director now directly owns 21,990 shares of the company’s stock, valued at approximately $333,148.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Other large investors recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in Matrix Service by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 56,620 shares of the company’s stock valued at $1,163,000 after buying an additional 422 shares during the period. Mutual of America Capital Management LLC raised its stake in Matrix Service by 8.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 60,794 shares of the company’s stock valued at $1,249,000 after buying an additional 4,871 shares during the period. Whitebox Advisors LLC bought a new stake in Matrix Service during the fourth quarter valued at approximately $1,269,000. Morgan Stanley raised its stake in Matrix Service by 27.1% in the fourth quarter. Morgan Stanley now owns 69,548 shares of the company’s stock valued at $1,429,000 after buying an additional 14,818 shares during the period. Finally, Bank of Montreal Can raised its stake in Matrix Service by 261.9% in the fourth quarter. Bank of Montreal Can now owns 72,675 shares of the company’s stock valued at $1,493,000 after buying an additional 52,594 shares during the period.

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 Electrical Infrastructure segment primarily provides construction and maintenance services to a range of power generation facilities, such as combined cycle plants and renewable energy installations.

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