Matson Inc. (MATX) Soars 8.8% on February 25

Equities Staff  |

Matson Inc. (MATX) had a good day on the market for Monday February 25 as shares jumped 8.8% to close at $37.84. About 328,155 shares traded hands on 3,348 trades for the day, compared with an average daily volume of 209,522 shares out of a total float of 42.7 million. After opening the trading day at $35.64, shares of Matson Inc. stayed within a range of $37.93 to $35.44.

With today's gains, Matson Inc. now has a market cap of $1.62 billion.

The stock has a P/E Ratio of 13.7. Shares of Matson Inc. have been trading within a range of $41.96 and $27.73 over the last year, and it had a 50-day SMA of $33.38 and a 200-day SMA of $35.69.

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation that provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific and logistics that offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates majority revenue from ocean transportation.

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

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 also 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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