Matrix Service (MTRX) Given Media Impact Score of 0.05

Media stories about Matrix Service (NASDAQ:MTRX) have been trending somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Matrix Service earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.6970121501761 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Matrix Service (MTRX) traded up $0.35 during trading on Tuesday, hitting $15.55. The stock had a trading volume of 160,885 shares, compared to its average volume of 199,641. The stock has a market cap of $417.01, a PE ratio of -62.08 and a beta of 0.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.96 and a current ratio of 1.99. Matrix Service has a 12 month low of $7.80 and a 12 month high of $20.25.

Matrix Service (NASDAQ:MTRX) last released its earnings results on Wednesday, February 7th. The oil and gas company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $298.43 million. Matrix Service had a negative return on equity of 1.97% and a negative net margin of 0.59%. The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. equities analysts forecast that Matrix Service will post 0.67 EPS for the current year.

A number of research firms have weighed in on MTRX. BidaskClub cut Matrix Service from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Zacks Investment Research cut Matrix Service from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average price target of $18.00.

In other news, CEO John R. Hewitt sold 5,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $17.66, for a total transaction of $88,300.00. Following the completion of the transaction, the chief executive officer now directly owns 283,529 shares in the company, valued at approximately $5,007,122.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.50% 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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