Matthews International Corporation (MATW) Stock: Here’s Why It’s Climbing

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Matthews International Corporation (MATW) is working its way for to the top in the market today. The stock, focused in the service sector, is presently trading at $33.80 after a move up of 6.16% so far today. When it comes to service sector stocks, there are a number of aspects that have the ability to generate price movement in the market. One of the most common is news. Here are the most recent headlines relating to MATW:

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Sep-10-19 08:48AM Funeral Services Industry Outlook: Prospects Look Good
Sep-06-19 12:35PM Zacks Market Edge Highlights: Xperi, Matthews, Great Ajax, First Business Financial and MidWest One
Sep-05-19 10:26AM Where to Find Small Cap Value Stocks
Sep-01-19 09:54AM Can We See Significant Institutional Ownership On The Matthews International Corporation (NASDAQ:MATW) Share Register?
Aug-27-19 03:56PM Edited Transcript of MATW earnings conference call or presentation 2-Aug-19 1:00pm GMT

Nonetheless, any time investors are making a decision to invest, prospective investors should take a look at far more than news, especially in the ever highly complex service sector. Here’s what’s happing when it comes to Matthews International Corporation.

The Performance That We’ve Seen From MATW

While a move up in a single session, like what we’re seeing from Matthews International Corporation may make some investors upset, a single session fall alone shouldn’t be the reason for a decision to, or not to, invest in a company. It is always a good idea to dig into trends for a period longer than a single session. As it relates to MATW, here are the movements that investors have seen:

  • Past 7 Days – Throughout the last seven days, MATW has produced a change in price that amounts to 16.23%.
  • Past Month – The monthly performance from Matthews International Corporation has been 7.30%.
  • Past Three Months – Over the last three months, the company has generated a ROI that works out to -8.53%
  • Past 6 Months – Over the past 6 months, we’ve seen a performance that equates to -11.50% from the company.
  • This Year So Far – Since the close of last year MATW has resulted in a return of -16.79%.
  • Annually – Finally, throughout the past full year, we’ve seen movement that comes to -35.43% from MATW. Over this period, the stock has traded at a high price of -36.14% and a low price of 18.33%.

Ratios That Are Notable

Looking at various key ratios associated with a company can give investors an understanding of just how dangerous and/or potentially profitable a stock pick may be. Here are a few of the key ratios to consider when looking at MATW.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is going to climb. In general, strong service stocks tend to carry a lower short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, when it comes to Matthews International Corporation, it’s short ratio comes to 12.84.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure the company’s abilities to pay its debts as they mature with only quick assets or current assets. come with strong current and quick ratios. As it relates to MATW, the quick and current ratios come to 1.40 and 2.00 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In the case of Matthews International Corporation, the book to share value ratio works out to 27.02.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value ratio comes to 1.09.

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MATW, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors own 83.80% of the company. However, it is worth considering that the ownership held by institutions has moved in the amount of -0.64% in the last 3 months.
  • Insiders – When it comes to insiders, members of the management team and others close to MATW currently hold 3.33% of Matthews International Corporation. Insider ownership of the company has moved 0.00% in the last quarter.

What Analysts Think About Matthews International Corporation

While it’s rarely a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their analysis to validate your own due diligence before making an investment decision in the service industry. Below you’ll find the most recent moves that we have seen from analysts as it relates to MATW.

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Feb-01-19 Downgrade Wellington Shields Buy → Hold
Nov-19-18 Reiterated B. Riley FBR Buy $92 → $80
Oct-02-18 Initiated Buckingham Research Buy $61
Mar-01-18 Upgrade Wellington Shields Hold → Gradually Accumulate
Jul-05-17 Upgrade Macquarie Neutral → Outperform

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $3.47. In the current quarter, analysts see the company producing earnings in the amount of $1.22. Over the last 5 years, MATW has generated revenue in the amount of $10.20% with earnings coming in at 4.70%. On a quarter over quarter basis, earnings have seen movement of -39.50% and revenue has seen movement of -7.80%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 30.90M shares of Matthews International Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, MATW has a float of 30.43M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to MATW, the short percent of the float is 5.13%.

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