StockNews.com assumed coverage on shares of Matthews International (NASDAQ:MATW – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a buy rating on the stock.
Matthews International Price Performance
MATW stock traded down $1.21 during midday trading on Thursday, hitting $34.89. The stock had a trading volume of 676,188 shares, compared to its average volume of 118,963. Matthews International has a 52 week low of $22.12 and a 52 week high of $39.64. The stock has a 50-day simple moving average of $37.29 and a 200 day simple moving average of $30.87. The company has a quick ratio of 1.06, a current ratio of 1.73 and a debt-to-equity ratio of 1.65.
Matthews International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 20th. Shareholders of record on Monday, February 6th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, February 3rd. This represents a $0.92 annualized dividend and a yield of 2.64%. Matthews International’s dividend payout ratio is currently -37.10%.
Institutional Inflows and Outflows
About Matthews International
Matthews International Corp. engages in the provision of brand solutions, memorialization products, and industrial technologies. It operates through the following segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment consists of bronze and granite memorials, and other memorialization products, caskets and cremation and incineration equipment for the cemetery and funeral home industries.
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