Matthews International (NASDAQ:MATW) Rating Lowered to Sell at Wall Street Zen

Matthews International (NASDAQ:MATW) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Matthews International in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Matthews International currently has a consensus rating of “Reduce”.

Matthews International Stock Performance

NASDAQ MATW opened at $23.70 on Friday. Matthews International has a 1-year low of $21.95 and a 1-year high of $30.93. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $739.49 million, a PE ratio of -25.48 and a beta of 1.09. The firm’s fifty day simple moving average is $26.73 and its 200-day simple moving average is $26.58.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.35). Matthews International had a positive return on equity of 4.51% and a negative net margin of 2.65%.The firm had revenue of $246.02 million for the quarter, compared to analysts’ expectations of $264.54 million. As a group, sell-side analysts anticipate that Matthews International will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Matthews International

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Matthews International by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,614,201 shares of the company’s stock worth $41,677,000 after acquiring an additional 83,860 shares during the last quarter. UBS Group AG boosted its holdings in Matthews International by 45.2% during the fourth quarter. UBS Group AG now owns 151,700 shares of the company’s stock valued at $3,962,000 after acquiring an additional 47,246 shares during the period. Equitable Trust Co. grew its position in shares of Matthews International by 223.6% in the fourth quarter. Equitable Trust Co. now owns 29,045 shares of the company’s stock valued at $759,000 after purchasing an additional 20,070 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new stake in shares of Matthews International in the fourth quarter valued at about $679,000. Finally, Forty three Eighteen Advisors LLC bought a new position in shares of Matthews International in the fourth quarter worth about $1,583,000. Institutional investors own 83.08% of the company’s stock.

Matthews International Company Profile

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.