Matson Inc. (MATX) Soars 8.8% on February 25

Matson Inc. (MATX) Soars 8.8% on February 25

Matson Inc. (MATX) had a good day on the market for Monday February 25 as shares jumped 8.8% to close at $37.84. About 328,155 shares traded hands on 3,348 trades for the day, compared with an average daily volume of 209,522 shares out of a total float of 42.7 million. After opening the trading day at $35.64, shares of Matson Inc. stayed within a range of $37.93 to $35.44.

With today’s gains, Matson Inc. now has a market cap of $1.62 billion.

The stock has a P/E Ratio of 13.7. Shares of Matson Inc. have been trading within a range of $41.96 and $27.73 over the last year, and it had a 50-day SMA of $33.38 and a 200-day SMA of $35.69.

Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation that provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific and logistics that offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates majority revenue from ocean transportation.

Matson Inc. is based out of Honolulu, HI and has some 1,947 employees. Its CEO is Matthew J. Cox.

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