Shares of Matrix Service Company (NASDAQ:MTRX) have earned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company.

Several equities research analysts have recently commented on the company. TheStreet downgraded Matrix Service from a “c-” rating to a “d+” rating in a report on Wednesday, May 24th. Stephens restated a “hold” rating on shares of Matrix Service in a report on Monday, May 15th. ValuEngine downgraded Matrix Service from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded Matrix Service from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research downgraded Matrix Service from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 17th.

Large investors have recently made changes to their positions in the company. KAMES CAPITAL plc increased its stake in shares of Matrix Service by 57.9% in the first quarter. KAMES CAPITAL plc now owns 49,964 shares of the oil and gas company’s stock valued at $822,000 after buying an additional 18,315 shares during the period. Palouse Capital Management Inc. acquired a new position in Matrix Service during the first quarter valued at $183,000. Arizona State Retirement System boosted its position in Matrix Service by 1.5% in the first quarter. Arizona State Retirement System now owns 13,848 shares of the oil and gas company’s stock valued at $228,000 after buying an additional 200 shares in the last quarter. Wedbush Securities Inc. boosted its position in Matrix Service by 132.5% in the second quarter. Wedbush Securities Inc. now owns 63,892 shares of the oil and gas company’s stock valued at $597,000 after buying an additional 36,411 shares in the last quarter. Finally, Alambic Investment Management L.P. boosted its position in Matrix Service by 94.6% in the first quarter. Alambic Investment Management L.P. now owns 36,615 shares of the oil and gas company’s stock valued at $604,000 after buying an additional 17,800 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

Matrix Service (MTRX) traded up 6.22% on Wednesday, hitting $11.10. 393,490 shares of the stock traded hands. Matrix Service has a 12-month low of $7.80 and a 12-month high of $23.45. The stock has a market capitalization of $295.26 million, a P/E ratio of 29.92 and a beta of 0.75. The company’s 50 day moving average price is $9.90 and its 200-day moving average price is $12.30.

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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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