Matrix Service (NASDAQ:MTRX – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02, Zacks reports. Matrix Service had a negative net margin of 4.46% and a negative return on equity of 19.56%.
Matrix Service Price Performance
NASDAQ:MTRX traded down $0.09 during midday trading on Wednesday, reaching $14.04. 312,545 shares of the company traded hands, compared to its average volume of 182,935. Matrix Service has a twelve month low of $8.61 and a twelve month high of $15.45. The firm has a market capitalization of $386.87 million, a price-to-earnings ratio of -12.54 and a beta of 1.28. The company has a fifty day moving average price of $13.15 and a 200 day moving average price of $11.71.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Matrix Service from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.
Matrix Service Company Profile
Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.
See Also
- Five stocks we like better than Matrix Service
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3 Must-Have ETFs Set to Dominate This Quarter
- What is a buyback in stocks? A comprehensive guide for investors
- Seeking Stability? These 3 Stocks Offer Strong Potential
- What is the S&P/TSX Index?
- Trade War Bargain Stocks: Top 3 Picks Too Good to Pass Up
Receive News & Ratings for Matrix Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matrix Service and related companies with MarketBeat.com's FREE daily email newsletter.
