Matrix Service Company shares are trading higher after the company announced that it received $464 million of awards in Q4, resulting in a backlog of $1.1 billion.
Portfolio Pulse from Benzinga Newsdesk
Matrix Service Company announced that it received $464 million of awards in Q4, leading to a backlog of $1.1 billion. This news has led to a rise in the company's share prices.
August 22, 2023 | 2:59 pm
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Matrix Service Company's stock is trading higher after the company announced $464 million of awards in Q4, resulting in a backlog of $1.1 billion.
The announcement of a significant amount of awards in Q4 has led to a positive market reaction, causing the company's stock to trade higher. This indicates strong financial performance and potential future growth, which is likely to attract investors and further drive up the stock price.
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