Matson Inc. (MATX) Plunges 7.46% on October 24

Equities Staff  |

Matson Inc. (MATX) had a rough trading day for Wednesday October 24 as shares tumbled 7.46%, or a loss of $-2.65 per share, to close at $32.89. After opening the day at $35.64, shares of Matson Inc. traded as high as $35.79 and as low as $32.79. Volume was 266,521 shares over 2,765 trades, against an average daily volume of 211,399 shares and a total float of 42.7 million.

As a result of the decline, Matson Inc. now has a market cap of $1.4 billion.

The stock has a P/E Ratio of 6.2.

In the last year, shares of Matson Inc. have traded between a range of $40.60 and $26.55, and its 50-day SMA is currently $37.58 and 200-day SMA is $34.04.

For a complete fundamental analysis of Matson Inc., check out Equities.com’s Stock Valuation Analysis report for MATX.

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Matson Inc is a holding company, consisting of two segments, ocean transportation and logistics. The company also provides container stevedoring, container equipment maintenance and other terminal services for MatNav and other ocean carriers.

Matson Inc. is based out of Honolulu, HI and has some 1,947 employees. Its CEO is Matthew J. Cox.

Matson Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Matson Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MATX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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