Matrix Service Co (MTRX): Joseph F Montalbano , Chief Operating Officer of Matrix Service Co sold 19,447 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $18.12 per share for a total value of $352,447.72 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, James P Ryan (President, Matrix Service) sold 5,416 shares at $18.31 per share price.On Sep 14, 2016, Kevin S Cavanah (VP Finance & CFO) sold 2,600 shares at $18.97 per share price.Also, On Sep 14, 2016, John R Hewitt (President & CEO) sold 15,957 shares at $19.02 per share price.On May 13, 2016, James Harry Miller (director) purchased 325 shares at $15.10 per share price.
Matrix Service Co: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Matrix Service Co which led to swings in the share price. The shares opened for trading at $18.59 and hit $18.82 on the upside , eventually ending the session at $18.54, with a gain of 0.98% or 0.18 points. The heightened volatility saw the trading volume jump to 1,01,191 shares. The 52-week high of the share price is $26.22 and the company has a market cap of $492 M . The 52-week low of the share price is at $14.07.
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.