Economy

Matrix Service (NASDAQ:MTRX) Getting Somewhat Favorable Press Coverage, Report Shows

Matrix Service (NASDAQ:MTRX) Getting Somewhat Favorable Press Coverage, Report Shows”

Matrix Service had a net margin of 0.78% and a return on equity of 3.07%. Louisiana State Employees Retirement System now owns 10,800 shares of the oil and gas company's stock valued at $178,000 after buying an additional 100 shares during the period. About shares traded. Matrix Service Co (NASDAQ:MTRX) has declined 43.23% since July 27, 2016 and is downtrending.

About 290,281 shares traded. Morgan Stanley (NYSE:MS) has risen 57.08% since July 27, 2016 and is uptrending. It has underperformed by 9.03% the S&P500. The company has market cap of $666.58 million. The Company's divisions include Innovative Medicines, Sandoz, Alcon and Corporate activities. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Therefore 33% are positive. The firm has "Neutral" rating given on Tuesday, January 3 by JP Morgan. Matrix Service had 12 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Novartis AG (ADR) (NYSE:NVS) earned "Buy" rating by Societe Generale on Wednesday, March 8. Finally, ValuEngine lowered Matrix Service from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Moreover, Pacific Global Investment Management Co has 1.29% invested in the company for 280,450 shares. Its down 0.17, from 1.3 in 2016Q3.

Cooper Creek Partners Management Llc decreased its stake in Matrix Services (MTRX) by 32.4% based on its latest 2016Q4 regulatory filing with the SEC.

Aperio Group Llc decreased Nokia Corp Adr Sponso (NOK) stake by 48.13% reported in 2016Q4 SEC filing. Farmers & Merchants Invs Inc reported 248 shares. Nuveen Asset Limited Liability Company has invested 0.01% in Matrix Service Co (NASDAQ:MTRX). 224,000 were accumulated by Paradigm Ny. Creative Planning owns 400 shares or 0% of their United States portfolio. Royal Bank Of Canada reported 0% in Matrix Service Co (NASDAQ:MTRX). Zurcher Kantonalbank (Zurich Cantonalbank) reported 850 shares. 376,109 shares of the stock were exchanged. Kames Cap Public Limited Company owns 31,649 shares. Louisiana State Employees Retirement System raised its position in Matrix Service by 0.9% in the first quarter. Geode Ltd has 0% invested in Matrix Service Co (NASDAQ:MTRX). Strs Ohio has invested 0% in Matrix Service Co (NASDAQ:MTRX). State Of Tennessee Treasury Department owns 21,097 shares or 0% of their USA portfolio. Stephens reaffirmed a "hold" rating on shares of Matrix Service in a research report on Monday, May 15th. TheStreet lowered Matrix Service from a "c-" rating to a "d+" rating in a research note on Wednesday, May 24th.

On September 2 Stifel Nicolaus left the company rating at "Buy" and raised the price expectation from $23.00 to $25.00.

Matrix Service Company (NASDAQ:MTRX) had an increase of 21.11% in short interest. On February 11 the company was downgraded from "Overweight" to "Sector Weight" in an announcement from KeyBanc. Citigroup upgraded the stock to "Buy" rating in Wednesday, January 13 report. Matrix Service's revenue for the quarter was down 18.8% compared to the same quarter past year.

On November 18 the stock rating was downgraded to "Market Perform" from "Outperform" in a report issued by Avondale Partners.

Matrix Service Company, launched on October 13, 1989, is involved in providing engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. The company has a market capitalization of $283.29 million, a price-to-earnings ratio of 28.71 and a beta of 0.73. The Electrical Infrastructure segment primarily includes construction and maintenance services to a range of power generation facilities, such as combined cycle plants, natural gas fired power stations and renewable energy installations.

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