Matrix Service Co. (MTRX) Stock Price Down 2.1%
Matrix Service Co. (NASDAQ:MTRX) fell 2.1% during trading on Wednesday . The stock traded as low as $16.83 and last traded at $16.88, with a volume of 84,753 shares. The stock had previously closed at $17.25.
Several research firms recently commented on MTRX. Avondale Partners raised Matrix Service from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Friday, May 6th. Zacks Investment Research raised Matrix Service from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Barclays PLC decreased their target price 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Matrix Service currently has an average rating of “Buy” and a consensus target price of $25.63.
The stock has a market capitalization of $445.54 million and a PE ratio of 14.81. The company’s 50 day moving average price is $17.12 and its 200 day moving average price is $17.16.
An institutional investor recently raised its position in Matrix Service stock. Bank of Montreal Can boosted its stake in Matrix Service Co. (NASDAQ:MTRX) by 261.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,675 shares of the company’s stock after buying an additional 52,594 shares during the period. Bank of Montreal Can owned about 0.27% of Matrix Service worth $1,493,000 at the end of the most recent reporting 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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