Matrix Service Co (MTRX) is Upgraded by Avondale to Mkt Outperform

Matrix Service Co (MTRX) was Upgraded by Avondale to ” Mkt Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Avondale advised their investors in a research report released on May 6, 2016.

Many Wall Street Analysts have commented on Matrix Service Co. Matrix Service Co was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Feb 11, 2016.

On the company’s financial health, Matrix Service Co reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.28. The company had revenue of $309.40 million for the quarter, compared to analysts expectations of $317.40 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.11 EPS.

Matrix Service Co closed down -0.07 points or -0.38% at $18.53 with 1,17,325 shares getting traded on Wednesday. Post opening the session at $18.54, the shares hit an intraday low of $18.41 and an intraday high of $19.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 14, 2016, James P Ryan (President, Matrix Service) sold 5,300 shares at $19.00 per share price. According to the SEC, on Dec 7, 2015, Joseph F Montalbano (Chief Operating Officer) sold 17,487 shares at $22.49 per share price. On Sep 21, 2015, Kevin S Cavanah (VP Finance & CFO) sold 4,000 shares at $22.59 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Matrix Service Co

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