Why Matrix Service Stock Rocketed 15% Higher on Tuesday
MTRXMatrix Service pany(MTRX) The Motley Fool·2024-09-11 06:24

The company is benefiting from supplying the right kinds of businesses at the right time. Energy and mining industry supplier Matrix Service (MTRX 15.32%) was a bright ball of energy on the stock exchange Tuesday. Its breaking news was a fresh set of quarterly earnings released Monday after the close of trading that featured a smashing beat on the bottom line. Investors rewarded the company by bidding its share price up by more than 15% on Tuesday, an attention-grabbing shift given the modest 0.5% gain of t ...