Matrix Service (NASDAQ:MTRX – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02, Zacks reports. Matrix Service had a negative return on equity of 19.56% and a negative net margin of 4.46%. Matrix Service updated its FY 2025 guidance to EPS.
Matrix Service Trading Down 6.9 %
MTRX traded down $0.96 on Thursday, hitting $13.08. 169,611 shares of the company’s stock traded hands, compared to its average volume of 181,150. The company’s 50 day simple moving average is $13.15 and its 200-day simple moving average is $11.71. Matrix Service has a one year low of $8.61 and a one year high of $15.45. The firm has a market cap of $360.43 million, a price-to-earnings ratio of -11.67 and a beta of 1.28.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Matrix Service from a “hold” rating to a “buy” rating in a research report 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.
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