Economy

Matrix Service Company (NASDAQ:MTRX) Sees Significantly Higher Trading Volume

Next quarter's EPS is forecasted at $0.04 and the next full year EPS is projected to be $0.55. Matrix Service had 13 analyst reports since September 1, 2015 according to SRatingsIntel. Sector Pension Board has invested 0% of its portfolio in Matrix Service Co (NASDAQ:MTRX). Ubs Group Ag now controls 712 shares valued at $7,000. Strs Ohio owned 0.14% of Matrix Service worth $345,000 as of its most recent filing with the Securities & Exchange Commission. The Panagora Asset Management Inc holds 7,675 shares with $251,000 value, down from 24,699 last quarter. Oppenheimer Asset Management bought a fresh position in Matrix Service in the 1st quarter worth at $159,000. The stock has "Buy" rating by Citigroup on Wednesday, January 13. The number of shares now owned by investors are 37.24 mln. Capstone Asset Management Co. now owns 13,623 shares of the oil and gas company's stock valued at $127,000 after acquiring an additional 230 shares during the last quarter. The Illinois-based Perritt Capital Management Inc has invested 1.2% in the stock.

A number of research firms have commented on MTRX. Finally, BidaskClub upgraded Matrix Service from a "sell" rating to a "hold" rating in a report on Saturday, August 5th. The ratio worsened, as 78 investment managers increased and started new stock positions, while 69 cut down and sold equity positions in Matrix Service Co. Stephens reiterated a "hold" rating on shares of Matrix Service in a report on Monday, May 15th. ValuEngine downgraded Matrix Service from a "buy" rating to a "hold" rating in a report on Friday, September 1st.

Matrix Service shares have dropped 46 percent since the beginning of the year. Two financial stock experts recommended the company shares with a sell recommendation and four has issued a hold recommendation to the firms shares. The stock now has a consensus rating of "Hold".

Matrix Service Company (MTRX) opened at 14.20 on Friday. Current price places the company's stock -6.25% away from its 200-day simple moving average, 37.97%, away from the 50-day average and also 30.7% away from 20-day average. Matrix Service Company has a 1-year low of $7.80 and a 1-year high of $23.45. Trading volume for Matrix Service Company was 628K in the last trading session. The oil and gas company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by $0.02. Revenue was reported as $1.2 billion. The firm had revenue of $291.84 million during the quarter, compared to analysts' expectations of $281.82 million. During the same period previous year, the firm posted $0.34 earnings per share. Equities analysts anticipate that Matrix Service Company will post $0.67 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: "Matrix Service Company (MTRX) Issues FY18 Earnings Guidance" was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another domain, it was stolen and reposted in violation of USA & worldwide trademark & copyright law.

Matrix Service Company provides engineering, fabrication, infrastructure, construction and maintenance services primarily to the oil, gas, power, petrochemical, industrial, mining and minerals markets. 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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