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Matrix Service Stock Gaps Down On Today's Open (MTRX)

NEW YORK ( TheStreet) -- Shares of Matrix Service Company (Nasdaq: MTRX) were gapping down Thursday morning with an open price 11.3% lower than Wednesday's closing price. The stock closed at $11.34 Wednesday and opened today's trading at $10.06.

The average volume for Matrix Service has been 145,800 shares per day over the past 30 days. Matrix Service has a market cap of $274.7 million and is part of the industrial goods sector and materials & construction industry. Shares are down 14.7% year to date as of the close of trading on Wednesday.

Matrix Service Company provides construction, and repair and maintenance services primarily to the energy and energy related industries in the United States and internationally. The company operates in two segments, Construction Services, and Repair and Maintenance Services.

TheStreet Ratings rates Matrix Service as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Matrix Service Ratings Report.

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