Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Matrix Service Co before investing.

In this article, we go over a few key elements for understanding Matrix Service Co’s stock price such as:

• Matrix Service Co’s current stock price and volume
• Why Matrix Service Co’s stock price changed recently
• Upgrades and downgrades for MTRX from analysts
• MTRX’s stock price momentum as measured by its relative strength

About Matrix Service Co (MTRX)

Before we jump into Matrix Service Co’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Matrix Service Company, through its subsidiaries, is an industrial engineering, construction, and maintenance contractor operating in North America. The Company’s segments include Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities. Its Storage and Terminal Solutions primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals. This segment also includes terminal balance of plant work. Its Utility and Power Infrastructure segment primarily consists of engineering, procurement, fabrication, and construction services to support growing demand for LNG utility peak shaving facilities. Its Process and Industrial Facilities consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids.

Want to learn more about Matrix Service Co’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Matrix Service Co.

Matrix Service Co’s Stock Price as of Market Close

As of November 13, 2023, 4:00 PM, CST, Matrix Service Co’s stock price was $10.90.

Matrix Service Co is down 5.63% from its previous closing price of $11.55.

During the last market session, Matrix Service Co’s stock traded between $11.29 and $11.79. Currently, there are 27.05 million shares of Matrix Service Co stock available for purchase.

Unfortunately, Matrix Service Co’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Matrix Service Co Stock Price History

Matrix Service Co’s (MTRX) price is currently down 6.44% so far this month.

During the month of November, Matrix Service Co’s stock price has reached a high of $12.13 and a low of $10.67.

Over the last year, Matrix Service Co has hit prices as high as $12.99 and as low as $4.58. Year to date, Matrix Service Co’s stock is up 44.95%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Matrix Service Co Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 10, 2023, there was 1 analyst who downgraded Matrix Service Co’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Matrix Service Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Matrix Service Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Matrix Service Co’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Matrix Service Co (MTRX) by visiting AAII Stock Evaluator.

Relative Price Strength of Matrix Service Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 10, 2023, Matrix Service Co has a weighted four-quarter relative price strength of 36.11%, which translates to a Momentum Score of 98 and is considered to be Very Strong.

Want to learn more about how Matrix Service Co is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Matrix Service Co Stock Price: Bottom Line

As of November 13, 2023, Matrix Service Co’s stock price is $10.90, which is down 5.63% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Matrix Service Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.