Mistras Group (NYSE:MG) Upgraded at Wall Street Zen

Mistras Group (NYSE:MG) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Mistras Group presently has an average rating of “Hold”.

Mistras Group Trading Up 3.2%

MG stock traded up $0.37 during mid-day trading on Friday, reaching $12.00. The company had a trading volume of 258,873 shares, compared to its average volume of 133,978. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.54. The company has a market capitalization of $378.49 million, a PE ratio of 32.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.26. The firm has a 50 day moving average of $9.82 and a 200 day moving average of $8.82. Mistras Group has a 12 month low of $7.06 and a 12 month high of $12.06.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.20. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. The firm had revenue of $195.55 million during the quarter, compared to the consensus estimate of $189.94 million. On average, equities analysts predict that Mistras Group will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Eileen Mary Coggins bought 15,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were bought at an average price of $9.55 per share, for a total transaction of $143,250.00. Following the completion of the purchase, the executive vice president directly owned 15,000 shares of the company’s stock, valued at approximately $143,250. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MG. Jones Financial Companies Lllp purchased a new stake in Mistras Group during the third quarter valued at approximately $33,000. Banque Transatlantique SA purchased a new position in Mistras Group in the first quarter worth $47,000. CWM LLC increased its position in shares of Mistras Group by 194.3% during the first quarter. CWM LLC now owns 4,553 shares of the technology company’s stock worth $48,000 after purchasing an additional 3,006 shares in the last quarter. State of Wyoming purchased a new stake in shares of Mistras Group during the 1st quarter valued at $66,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Mistras Group during the 2nd quarter valued at $81,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.