Matrix Service Company (NASDAQ:MTRX)
CAPS Rating:
The Company provides construction services and repair and maintenance services to the energy and energy related industries.
The Company provides construction services and repair and maintenance services to the energy and energy related industries.
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I recently took an interest in MTRX. The company provides construction and a variety of other services to a wide variety of industries. If a project involves steel, or pipe, or turbines, this company can do the job. I get the impression that they can move between sectors to find work. They might work on an oil refinery, or a paper plant, or a power generating station, so they can shift to projects in whatever industry is growing. I looked at a few recent articles and found that the stock was upgraded from a hold to a buy. The articles state that the company looks healthy, the debt is reasonable, etc. I picked the stock back in August after it took a dramatic fall. Now that it has recovered a bit I have about a 14% increase in the past month or two.