Currently, there are 30.97M common shares owned by the public and among those 29.49M shares have been available to trade.
The company’s stock has a 5-day price change of -3.07% and 6.02% over the past three months. MATW shares are trading -7.04% year to date (YTD), with the 12-month market performance down to -6.57% lower. It has a 12-month low price of $21.09 and touched a high of $32.24 over the same period. MATW has an average intraday trading volume of 225.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.60%, -10.16%, and -2.08% respectively.
Institutional ownership of Matthews International Corp (NASDAQ: MATW) shares accounts for 81.54% of the company’s 30.97M shares outstanding.
It has a market capitalization of $796.86M and a beta (3y monthly) value of 1.07. The earnings-per-share (ttm) stands at -$1.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.27% over the week and 4.96% over the month.
Earnings per share for the fiscal year are expected to decrease by -23.27%, and 17.42% over the next financial year. EPS should grow at an annualized rate of 1.21% over the next five years, compared to -9.80% over the past 5-year period.
Looking at the support for the MATW, a number of firms have released research notes about the stock. Sidoti stated their Buy rating for the stock in a research note on August 31, 2021, with the firm’s price target at $60. B. Riley FBR was of a view on November 19, 2018 that the stock is Buy, while Buckingham Research gave the stock Buy rating on October 02, 2018, issuing a price target of $61. Wellington Shields on their part issued Gradually Accumulate rating on March 01, 2018.
