Separately, Guggenheim raised shares of Matrix Service from a neutral rating to a buy rating in a research note on Friday, May 20th.
Shares of Matrix Service stock opened at $5.54 on Monday. The firm has a market cap of $148.42 million, a P/E ratio of -1.68 and a beta of 1.68. The firm has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $7.07. Matrix Service has a fifty-two week low of $4.80 and a fifty-two week high of $11.76.
A number of hedge funds have recently made changes to their positions in MTRX. Alpha Paradigm Partners LLC bought a new position in Matrix Service in the fourth quarter valued at approximately $47,000. Metropolitan Life Insurance Co NY bought a new position in shares of Matrix Service during the third quarter worth $75,000. Allspring Global Investments Holdings LLC bought a new position in shares of Matrix Service during the fourth quarter worth $87,000. Hsbc Holdings PLC bought a new position in shares of Matrix Service during the first quarter worth $109,000. Finally, PDT Partners LLC bought a new position in shares of Matrix Service during the first quarter worth $112,000. 88.69% of the stock is currently owned by hedge funds and other institutional investors.
Matrix Service Company Profile (Get Rating)
Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, agricultural, mining, and minerals markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.
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