Matthews International (NASDAQ:MATW) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Shares of Matthews International Corporation (NASDAQ:MATW - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.82 and traded as high as $24.89. Matthews International shares last traded at $24.85, with a volume of 143,936 shares.

Matthews International Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 1.59 and a quick ratio of 1.09. The company's 50-day moving average price is $21.88 and its 200-day moving average price is $23.82. The company has a market cap of $801.92 million, a P/E ratio of -10.14 and a beta of 1.27.

Matthews International (NASDAQ:MATW - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The firm had revenue of $427.63 million for the quarter, compared to the consensus estimate of $435.62 million. Matthews International had a positive return on equity of 11.04% and a negative net margin of 4.62%. As a group, sell-side analysts predict that Matthews International Corporation will post 1.73 earnings per share for the current fiscal year.

Matthews International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 26th. Investors of record on Monday, May 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.00 annualized dividend and a dividend yield of 3.87%. Matthews International's dividend payout ratio is presently -39.22%.

Hedge Funds Weigh In On Matthews International

Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its position in shares of Matthews International by 551.8% in the fourth quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock valued at $25,000 after buying an additional 767 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Matthews International by 797.2% during the fourth quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock valued at $26,000 after purchasing an additional 845 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Matthews International during the 1st quarter worth approximately $149,000. AlphaQuest LLC acquired a new stake in Matthews International in the fourth quarter valued at $154,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Matthews International during the fourth quarter worth about $155,000. 83.08% of the stock is owned by institutional investors.

Matthews International Company Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.