Matthews International Corp (MATW) Stock: A Closer Look

Matthews International Corp [MATW] stock prices are up 20.99% to $30.84 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MATW shares have gain 29.25% over the last week, with a monthly amount glided 37.62%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Matthews International Corp [NASDAQ: MATW] stock has seen the most recent analyst activity on August 31, 2021, when Sidoti initiated its Buy rating and assigned the stock a price target of $60. Previously, Wellington Shields downgraded its rating to Hold on February 01, 2019. On November 19, 2018, B. Riley FBR reiterated its Buy rating and revised its price target to $80 on the stock. Buckingham Research started tracking the stock assigning a Buy rating and suggested a price target of $61 on October 02, 2018. Wellington Shields upgraded its rating to a Gradually Accumulate. Macquarie upgraded its rating to Outperform for this stock on July 05, 2017. In a note dated July 29, 2016, Wunderlich reiterated an Buy rating on this stock and boosted its target price from $65 to $75.

The stock price of Matthews International Corp [MATW] has been fluctuating between $21.09 and $39.12 over the past year. Matthews International Corp [NASDAQ: MATW] shares were valued at $30.84 at the most recent close of the market.

Analyzing the MATW fundamentals

The Matthews International Corp [NASDAQ:MATW] reported sales of 1.80B for trailing twelve months, representing a drop of -6.97%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.12 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.78.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.81 points at the first support level, and at 26.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.22, and for the 2nd resistance point, it is at 33.59.

Ratios To Look Out For

It’s worth pointing out that Matthews International Corp [NASDAQ:MATW]’s Current Ratio is 1.45. Further, the Quick Ratio stands at 0.91, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 2.16.

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