Matrix Service Co (NASDAQ: MTRX) stock suffered a major decline of -10.1% on 5/9/24. The shares closed at $10.64. Moreover, this decline was accompanied by exceptionally high trading volume at 398% of normal. The stock has declined -4.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MTRX is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Matrix Service has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Matrix Service has a poor Appreciation Score of 22 but a very high Power Rating of 87, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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