Q: Is MATR worth keeping an eye on or is something broken?
5i Research Answer:
The earnings 'miss' was quite significant, considering the increase in revenue. Costs rose sharply, largely as the company shifted suppliers due to tariff concerns. The stock received multiple downgrades. While it bears watching, we would expect to see some year-end selling here, and don't think anything needs to be done for at least a quarter or two. The revenue increase was nice but costs need to get back in line.