Matrix Service Company (MTRX) Drops 5.94% on January 19

Equities Staff |

Matrix Service Company (MTRX) was one of the Russell 2000's biggest losers for Tuesday January 19 as the stock slid 5.94% to $17.58, a loss of $-1.11 per share. Starting at an opening price of $18.94 a share, the stock traded between $17.52 and $18.94 over the course of the trading day. Volume was 153,195 shares over 1,542 trades, against an average daily volume of 238,062 shares and a total float of 26.54 million.

The losses send Matrix Service Company down to a market cap of $466.54 million. In the last year, Matrix Service Company has traded between $26.22 and $16.47, and its 50-day SMA is currently $21.32 and 200-day SMA is $20.69.

The stock has a P/E Ratio of 24.

Matrix Service Co provides engineering, fabrication, infrastructure, construction, and maintenance services to the oil, gas, power, petrochemical, industrial, mining and minerals markets.

Matrix Service Company is based out of Tulsa, OK and has some 4,826 employees. Its CEO is John R. Hewitt.

For a complete fundamental analysis analysis of Matrix Service Company, check out Equities.com’s Stock Valuation Analysis report for MTRX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

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