Matrix Service Company (NASDAQ:MTRX) CEO John R. Hewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $17.66, for a total transaction of $88,300.00. Following the sale, the chief executive officer now owns 283,529 shares in the company, valued at approximately $5,007,122.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Matrix Service Company (MTRX) traded up $0.20 during trading hours on Friday, reaching $17.40. 586,002 shares of the company’s stock were exchanged, compared to its average volume of 268,344. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of 0.13. Matrix Service Company has a 12 month low of $7.80 and a 12 month high of $23.45.
Matrix Service (NASDAQ:MTRX) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. The company had revenue of $269.91 million for the quarter, compared to the consensus estimate of $290.56 million. Matrix Service had a negative net margin of 0.51% and a negative return on equity of 1.75%. Matrix Service’s revenue was down 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. equities analysts predict that Matrix Service Company will post 0.63 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Matrix Service during the third quarter worth approximately $138,000. Brandes Investment Partners LP purchased a new position in Matrix Service during the third quarter worth approximately $171,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Matrix Service during the third quarter worth approximately $185,000. BNP Paribas Arbitrage SA raised its stake in Matrix Service by 69.5% during the third quarter. BNP Paribas Arbitrage SA now owns 13,590 shares of the oil and gas company’s stock worth $207,000 after purchasing an additional 5,571 shares during the period. Finally, Capstone Asset Management Co. raised its stake in Matrix Service by 1.7% during the second quarter. Capstone Asset Management Co. now owns 13,623 shares of the oil and gas company’s stock worth $127,000 after purchasing an additional 230 shares during the period. 88.34% of the stock is currently owned by institutional investors.
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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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