In a filing, Matrix Service Co. revealed its VP Chief Bus Dev/Strat Officer DURKIN KEVIN A unloaded Company’s shares for reported $51250.0 on Mar 22 ’24. In the deal valued at $13.14 per share,3,900 shares were sold. As a result of this transaction, DURKIN KEVIN A now holds 72,231 shares worth roughly $0.86 million.
Then, HEWITT JOHN R sold 10,000 shares, generating $132,502 in total proceeds. Upon selling the shares at $13.25, the President & CEO now owns 477,891 shares.
Before that, DURKIN KEVIN A sold 3,900 shares. Matrix Service Co. shares valued at $49,608 were divested by the VP Chief Bus Dev/Strat Officer at a price of $12.72 per share. As a result of the transaction, DURKIN KEVIN A now holds 76,131 shares, worth roughly $0.91 million.
Sidoti upgraded its Matrix Service Co. [MTRX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. DA Davidson also remained covering MTRX and has increased its forecast on August 07, 2019 with a “Buy” recommendation from previously “Neutral” rating. DA Davidson started covering the stock on March 13, 2019. It rated MTRX as “a Neutral”.
Price Performance Review of MTRX
On Tuesday, Matrix Service Co. [NASDAQ:MTRX] saw its stock fall -2.93% to $11.93. Over the last five days, the stock has lost -8.09%. Matrix Service Co. shares have risen nearly 21.98% since the year began. Nevertheless, the stocks have risen 122.99% over the past one year. While a 52-week high of $13.90 was reached on 03/27/24, a 52-week low of $4.74 was recorded on 02/05/24. SMA at 50 days reached $12.34, while 200 days put it at $10.02. A total of 0.21 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For MTRX Stock
The 24-hour chart illustrates a support level at 11.75, which if violated will result in even more drops to 11.57. On the upside, there is a resistance level at 12.27. A further resistance level may holdings at 12.61. The Relative Strength Index (RSI) on the 14-day chart is 36.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.99%. Stochastics %K at 6.83% indicates the stock is a buying.
The most recent change occurred on July 05, 2018 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $64.
