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

MTRX has been the topic of a number of research reports. Zacks Investment Research upgraded Matrix Service from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Barclays PLC lowered their price objective on Matrix Service from $41.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, June 6th. Finally, Avondale Partners upgraded Matrix Service from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Friday, May 6th. Three investment 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 a consensus target price of $25.63.

The firm’s 50-day moving average price is $16.51 and its 200-day moving average price is $17.48. The company has a market capitalization of $477.47 million and a price-to-earnings ratio of 15.88.

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

In other Matrix Service news, Director Jim W. Mogg acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average cost of $15.15 per share, with a total value of $151,500.00. Following the completion of the transaction, 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 can be accessed through the SEC website.

Several large investors have added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted 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 boosted 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 acquired a new stake in Matrix Service during the fourth quarter valued at approximately $1,269,000. Morgan Stanley boosted 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 boosted 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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