Matrix Service Company (NASDAQ:MTRX)‘s stock had its “hold” rating reaffirmed by equities research analysts at KeyCorp in a research report issued on Monday.

Several other analysts have also commented on the stock. BidaskClub lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered shares of Matrix Service from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. ValuEngine lowered shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet lowered shares of Matrix Service from a “c-” rating to a “d+” rating in a research report on Wednesday, May 24th. Finally, Stephens reiterated a “hold” rating on shares of Matrix Service in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

Matrix Service (NASDAQ MTRX) opened at 11.45 on Monday. The stock has a market capitalization of $304.57 million, a P/E ratio of 30.86 and a beta of 0.75. The stock has a 50 day moving average price of $9.90 and a 200 day moving average price of $12.30. Matrix Service has a 12 month low of $7.80 and a 12 month high of $23.45.

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Hedge funds have recently added to or reduced their stakes in the stock. Smith Graham & Co. Investment Advisors LP raised its stake in Matrix Service by 95.5% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 904,271 shares of the oil and gas company’s stock valued at $8,455,000 after buying an additional 441,659 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Matrix Service during the second quarter valued at approximately $3,875,000. Rutabaga Capital Management LLC MA acquired a new stake in Matrix Service during the second quarter valued at approximately $3,025,000. Ameriprise Financial Inc. raised its stake in Matrix Service by 155.5% in the first quarter. Ameriprise Financial Inc. now owns 340,495 shares of the oil and gas company’s stock valued at $5,619,000 after buying an additional 207,222 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Matrix Service by 11.2% in the first 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 buying an additional 206,944 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

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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