Stock Rating Downgrade
Recently the Value Trend Rating for Matrix Service Co (NASDAQ: MTRX) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 4/8/24, Matrix Service Co (NASDAQ: MTRX) stock rose slightly by 0.08%, closing at $13.15. However, this advance was accompanied by exceptionally low trading volume at 36% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MTRX is expected to be an important Value Builder.
Matrix Service has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Matrix Service has a slightly negative Appreciation Score of 30 but a very high Power Rating of 93, triggering the High Neutral Value Trend Rating.
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