Matrix Service Company (NASDAQ:MTRX)’s share price traded up 7.7% on Monday . The company traded as high as $16.80 and last traded at $16.70. 782,460 shares were traded during mid-day trading, an increase of 163% from the average session volume of 297,786 shares. The stock had previously closed at $15.50.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Tuesday, November 14th. ValuEngine cut shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. BidaskClub raised shares of Matrix Service from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, KeyCorp reissued a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.72 and a current ratio of 1.74.

Matrix Service (NASDAQ:MTRX) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. The business had revenue of $269.91 million for the quarter, compared to analyst estimates of $290.56 million. Matrix Service had a net margin of 1.42% and a return on equity of 4.72%. The company’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS. sell-side analysts anticipate that Matrix Service Company will post 0.63 earnings per share for the current year.

Several institutional investors have recently modified their holdings of MTRX. Rutabaga Capital Management LLC MA acquired a new stake in shares of Matrix Service in the 2nd quarter valued at about $3,025,000. Shufro Rose & Co. LLC acquired a new stake in shares of Matrix Service in the 3rd quarter valued at about $4,610,000. Dimensional Fund Advisors LP raised its stake in shares of Matrix Service by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,052,540 shares of the oil and gas company’s stock valued at $33,867,000 after purchasing an additional 206,944 shares in the last quarter. Northern Trust Corp raised its stake in shares of Matrix Service by 35.8% in the 2nd quarter. Northern Trust Corp now owns 699,229 shares of the oil and gas company’s stock valued at $6,537,000 after purchasing an additional 184,503 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Matrix Service by 32.0% in the 2nd quarter. Boston Partners now owns 740,510 shares of the oil and gas company’s stock valued at $6,923,000 after purchasing an additional 179,480 shares in the last quarter. Institutional investors and hedge funds own 81.71% of the company’s stock.

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About Matrix Service

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 segments include Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial.

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