Alert: Rating Upgrade (11/17/23)-Matrix Service Co (NASDAQ: MTRX).


Stock Rating Upgrade

In recent days the Value Trend Rating for Matrix Service Co (NASDAQ: MTRX) improved from C to B reflecting improving fundamentals and high Appreciation Potential.


Recent Price Action

Matrix Service Co (NASDAQ: MTRX) stock enjoyed a very large increase of 5.4% on 11/17/23. The shares closed at $10.42. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.0% during the last week.

Current PriceTarget Research Rating

MTRX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be an important Value Builder.

Matrix Service has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Matrix Service has a slightly negative Appreciation Score of 36 but a very high Power Rating of 100, producing the Positive Value Trend Rating.

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