Matthews International (NASDAQ:MATW) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Matthews International Corporation (NASDAQ:MATW) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.34 and traded as high as $25.41. Matthews International shares last traded at $25.27, with a volume of 164,543 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MATW shares. Zacks Research cut Matthews International from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Weiss Ratings raised Matthews International from a “sell (d)” rating to a “hold (c)” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Matthews International Stock Down 0.3%

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 1.51. The firm has a market capitalization of $784.48 million, a price-to-earnings ratio of 35.49 and a beta of 1.16. The firm has a fifty day moving average price of $26.00 and a 200 day moving average price of $25.34.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.24). Matthews International had a return on equity of 5.95% and a net margin of 1.64%.The business had revenue of $284.76 million for the quarter, compared to analyst estimates of $282.50 million. As a group, sell-side analysts expect that Matthews International Corporation will post 1.73 EPS for the current fiscal year.

Matthews International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Monday, February 9th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, February 9th. Matthews International’s dividend payout ratio (DPR) is currently 143.66%.

Institutional Trading of Matthews International

Several hedge funds and other institutional investors have recently made changes to their positions in MATW. US Bancorp DE grew its position in Matthews International by 45.9% during the third quarter. US Bancorp DE now owns 2,063 shares of the company’s stock worth $50,000 after buying an additional 649 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Matthews International during the 3rd quarter valued at approximately $59,000. Potomac Capital Management Inc. purchased a new stake in shares of Matthews International during the 4th quarter worth approximately $59,000. Tower Research Capital LLC TRC boosted its stake in shares of Matthews International by 187.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,885 shares of the company’s stock worth $69,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Tripletail Wealth Management LLC grew its holdings in shares of Matthews International by 206.5% in the 4th quarter. Tripletail Wealth Management LLC now owns 2,820 shares of the company’s stock worth $73,000 after acquiring an additional 1,900 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.

About Matthews International

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.