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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Matrix Service Company (NASDAQ: MTRX) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Matrix Service Company (NASDAQ: MTRX) concerning whether a series of statements by Matrix Service Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 3, 2016, Matrix Service Company reduced fiscal 2016 revenue guidance due to an unforeseen client bankruptcy. The Company lowered the revenue guidance from $1.4 billion and $1.6 billion to between $1.3 billion and $1.4 billion, and its fiscal 2016 earnings guidance from between $1.45 and $1.75 per fully diluted share to between $1.30 and $1.50 per fully diluted share.
Following this news, NASDAQ: MTRX shares declined causing investors harm.
Based in Tulsa, Oklahoma, and founded in 1984 Matrix Service Company provides engineering, fabrication, infrastructure, construction, and maintenance services mainly to the oil, gas, power, petrochemical, industrial, and mining and minerals markets.
If you purchased shares of Matrix Service Company (NASDAQ: MTRX) on or before February 3, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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