Matrix Service Company (MTRX) Jumps 5.02% on February 17

Equities Staff |

Matrix Service Company (MTRX) was among the biggest gainers on the Russell 2000 for Wednesday February 17 as the stock popped 5.02% to $17.35, representing a gain of $0.83 per share. Some 136,972 shares traded hands on 1,429 trades, compared with an average daily volume of 231,569 shares out of a total float of 26.92 million. The stock opened at $16.81 and traded with an intraday range of $17.59 to $16.81.

After today's gains, Matrix Service Company reached a market cap of $467.13 million. Matrix Service Company has had a trading range between $26.22 and $15.02 over the last year, and it had a 50-day SMA of $19.23 and a 200-day SMA of $20.31.

The stock has a P/E Ratio of 19.2.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Nano One Materials Corp.

Nano One Materials Corp is a technology company. The Company manufactures storage materials for lithium ion batteries.

Private Markets

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…