Matrix Service Co (MTRX) Files Form 4 Insider Buying : Jim W Mogg Buys 10,000 Shares

Matrix Service Co (MTRX): Jim W Mogg , director of Matrix Service Co purchased 10,000 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.15 per share for a total value of $151,511.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, James P Ryan (President, Matrix Service) sold 5,300 shares at $19.00 per share price.On Dec 7, 2015, Joseph F Montalbano (Chief Operating Officer) sold 17,487 shares at $22.49 per share price.Also, On Sep 21, 2015, Kevin S Cavanah (VP Finance & CFO) sold 4,000 shares at $22.59 per share price.On Sep 4, 2015, I Edgar Hendrix (director) sold 5,000 shares at $22.54 per share price.

Matrix Service Co: On Tuesday, May 10, 2016 heightened volatility was witnessed in Matrix Service Co which led to swings in the share price. The shares opened for trading at $14.92 and hit $15.21 on the upside , eventually ending the session at $15.17, with a gain of 1.95% or 0.29 points. The heightened volatility saw the trading volume jump to 2,13,687 shares. The 52-week high of the share price is $26.22 and the company has a market cap of $404 M . The 52-week low of the share price is at $14.07.

Matrix Service Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Matrix Service Co is Upgraded by Avondale to Mkt Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on May 6, 2016.

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 Electrical Infrastructure segment primarily provides construction and maintenance services to a range of power generation facilities such as combined cycle plants and renewable energy installations. The Oil Gas & Chemical segment includes its traditional turnaround activities plant maintenance services and construction in the downstream petroleum industry. Its Storage Solutions segment includes new construction of crude and refined products aboveground storage tanks (ASTs) as well as maintenance services. The Industrial segment includes construction and maintenance work in the iron and steel and mining and minerals industries bulk material handling and fertilizer production facilities as well as work for clients in other industrial markets.

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