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Matrix Service Company ( (MTRX) ) has issued an announcement.
On December 30, 2025, Matrix Service Company announced that Douglas J. Montalbano will resign as president of its union operating subsidiary, Matrix North American Construction, effective January 16, 2026, with the company emphasizing that his departure is not due to any dispute or disagreement over operations, policies or practices. The presidency of Matrix NAC will be filled on an interim basis by an existing employee and officer of the subsidiary, who will report to Shawn Payne, the company’s president of Engineering & Construction, suggesting a continuity-focused transition designed to minimize disruption to ongoing construction operations and client relationships.
The most recent analyst rating on (MTRX) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Matrix Service Company stock, see the MTRX Stock Forecast page.
Spark’s Take on MTRX Stock
According to Spark, TipRanks’ AI Analyst, MTRX is a Neutral.
Matrix Service Company faces significant challenges, with mixed financial performance and bearish technical indicators. The negative P/E ratio and absence of a dividend yield further weigh on the stock’s attractiveness. Despite these issues, the earnings call provided some optimism with strong revenue growth and improved margins, suggesting potential for recovery.
To see Spark’s full report on MTRX stock, click here.
More about Matrix Service Company
Average Trading Volume: 242,461
Technical Sentiment Signal: Hold
Current Market Cap: $355.2M
For an in-depth examination of MTRX stock, go to TipRanks’ Overview page.