News stories about Matrix Service (NASDAQ:MTRX) have trended somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matrix Service earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.6722336743209 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts have recently weighed in on the stock. TheStreet raised shares of Matrix Service from a “d+” rating to a “c-” rating in a research report on Monday, October 9th. ValuEngine lowered shares of Matrix Service from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Matrix Service from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Tuesday, November 14th. Finally, KeyCorp reissued a “hold” rating on shares of Matrix Service in a research report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Matrix Service currently has a consensus rating of “Hold” and a consensus target price of $18.00.
Matrix Service (NASDAQ:MTRX) opened at $17.65 on Thursday. Matrix Service has a 52-week low of $7.80 and a 52-week high of $23.45. The company has a quick ratio of 1.72, a current ratio of 1.74 and a debt-to-equity ratio of 0.13.
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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