Matthews filed to sell 3M shares of Class A common stock
Seeking Alpha News (Tue, 11-Mar 4:33 PM ET)
Matthews International Corporation Announces Expiration of HSR Waiting Period
Globe Newswire (Tue, 25-Feb 8:00 AM ET)
Globe Newswire (Thu, 20-Feb 9:38 AM ET)
PRNewswire (Wed, 19-Feb 2:20 PM ET)
PRNewswire (Wed, 19-Feb 8:00 AM ET)
Globe Newswire (Tue, 18-Feb 4:00 PM ET)
PRNewswire (Tue, 18-Feb 7:00 AM ET)
PRNewswire (Mon, 17-Feb 11:13 AM ET)
Matthews International Appoints Thomas Gebhardt to Board of Directors
Globe Newswire (Mon, 17-Feb 10:00 AM ET)
Matthews International Corp is a personal services company that provides brand solution services, memorialization products, and industrial products in the United States and Europe. The majority of Matthews' revenue is derived from its SGK Brand Solutions business, which provides brand development services, printing equipment, creative design services, and embossing tools to the consumer packaged goods and packaging industries. The company's Memorialization segment, which sells bronze and granite memorials, caskets, and cremation equipment to the cemetery and funeral home industries, also contributes an important amount. Maximum amount of Matthews' revenue is generated from sales made in the North America, while European customers also contribute a sizable percentage.
Matthews International - Class A trades on the NASDAQ stock market under the symbol MATW.
As of March 13, 2025, MATW stock price declined to $22.30 with 43,623 million shares trading.
MATW has a beta of 0.79, meaning it tends to be less sensitive to market movements. MATW has a correlation of 0.07 to the broad based SPY ETF.
MATW has a market cap of $689.91 million. This is considered a Small Cap stock.
Last quarter Matthews International - Class A reported $402 million in Revenue and $.14 earnings per share. This fell short of revenue expectation by $-25 million and missed earnings estimates by -$.08.
In the last 3 years, MATW traded as high as $48.86 and as low as $21.09.
The top ETF exchange traded funds that MATW belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
MATW has underperformed the market in the last year with a price return of -20.7% while the SPY ETF gained +8.3%. MATW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.7% and -12.1%, respectively, while the SPY returned -8.2% and -7.0%, respectively.
MATW support price is $22.07 and resistance is $23.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MATW shares will trade within this expected range on the day.