Matrix Service traded at $12.34 this Friday July 24th, decreasing $0.49 or 3.82 percent since the previous trading session. Looking back, over the last four weeks, Matrix Service lost 10.71 percent. Over the last 12 months, its price fell by 19.56 percent. Looking ahead, we forecast Matrix Service to be priced at 12.08 by the end of this quarter and at 11.33 in one year, according to Trading Economics global macro models projections and analysts expectations.
Matrix Service Company, through its subsidiaries, is an industrial engineering and construction contractor operates in North America. The Company operates through three segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. Its Utility and Power Infrastructure segment consists of power delivery services provided to investor-owned utilities, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, upgrades and maintenance, as well as emergency and storm restoration services. Process and Industrial Facilities segment primarily serves customers in the downstream and midstream petroleum industries who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids. Storage and Terminal Solutions segment consists of work related to aboveground storage tanks and terminals.