Today, the VP, Fin & CFO of Matrix Service Company (NASDAQ: MTRX), Kevin Cavanah, sold shares of MTRX for $544.8K.
Following Kevin Cavanah’s last MTRX Sell transaction on December 20, 2016, the stock climbed by 3.2%. In addition to Kevin Cavanah, one other MTRX executive reported Sell trades in the last month.
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Based on Matrix Service Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $293 million and GAAP net loss of $14.68 million. In comparison, last year the company earned revenue of $292 million and had a GAAP net loss of $954K. Currently, Matrix Service Company has an average volume of 105.3K.
The insider sentiment on Matrix Service Company has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Matrix Service Co. engages in the provision of engineering, fabrication, infrastructure, construction, and maintenance services. It operates through the following segments: Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions, and Industrial.
