MYR traded at $296.14 this Tuesday August 25th, decreasing $9.13 or 2.99 percent since the previous trading session. Looking back, over the last four weeks, MYR lost 19.75 percent. Over the last 12 months, its price rose by 57.39 percent. Looking ahead, we forecast MYR to be priced at 304.22 by the end of this quarter and at 285.10 in one year, according to Trading Economics global macro models projections and analysts expectations.
MYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services, which serves the electric utility infrastructure, commercial and industrial construction markets. The Company performs operations through two electrical contracting service segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). Its T&D segment provides a range of services on electric transmission and distribution networks and substation facilities, which includes design, engineering, procurement, construction, upgrade, maintenance and repair services. Its C&I segment provides a range of services including design, installation, maintenance and repair of commercial and industrial wiring, the installation of traffic networks and the installation of bridge, roadway and tunnel lighting. The Company’s T&D segment serve the electric utility industry as a prime contractor.