Matrix IT Ltd traded at 9,852.00 this Friday March 13th, increasing 106.00 or 1.09 percent since the previous trading session. Looking back, over the last four weeks, Matrix IT gained 1.95 percent. Over the last 12 months, its price rose by 5.97 percent. Looking ahead, we forecast Matrix IT Ltd to be priced at 9,562.35 by the end of this quarter and at 8,743.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
Matrix IT Ltd is an Israel-based information technology (IT) company that designs, manages and executes integration projects in Israel, developing software products and solutions, and implementing new technologies. Matrix IT is involved in designing and marketing software technologies and products for businesses. Its services portfolio falls into eight segments: Consulting, Integration and Infrastructure, Microsoft Dynamics CRM Global Services, Offshore Services, Outsourcing, Professional Services, Software Products, and Training and Deployment. It provides its services to clients operating in the of banking sector, defense, healthcare and medical, industry, retail and commerce, public and governmental sector, and in the telecommunication sector. The Company's subsidiaries include Matrix Global, XTIVIA, Tiltan, Effect, Media Tech HiTech, Financial Education Center, John Bryce, TACT and Tangram. On October 26, 2011, it divested its subsidiary maXimum ERP.