Matrix Service Co. (NASDAQ:MTRX)’s share price fell 2.8% during trading on Thursday . The stock traded as low as $17.79 and last traded at $17.98, with a volume of 136,043 shares traded. The stock had previously closed at $18.49.

Several research firms have recently commented on MTRX. Avondale Partners raised shares of Matrix Service from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Friday, May 6th. Barclays PLC lowered their target price on shares of Matrix Service from $41.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, June 6th. DA Davidson restated a “buy” rating and issued a $20.00 price target on shares of Matrix Service in a research report on Friday, August 26th. Finally, Zacks Investment Research cut shares of Matrix Service from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 11th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Matrix Service presently has an average rating of “Buy” and an average target price of $24.50.

The firm’s 50-day moving average price is $17.13 and its 200-day moving average price is $17.20. The stock has a market cap of $483.06 million and a price-to-earnings ratio of 16.06.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. During the same quarter last year, the firm earned $0.40 earnings per share. The firm had revenue of $359.60 million for the quarter. Matrix Service’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts expect that Matrix Service Co. will post $1.30 EPS for the current fiscal year.

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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