Mistras Group (NYSE:MG) Reaches New 1-Year High – Here’s What Happened

Mistras Group Inc (NYSE:MG) reached a new 52-week high on Tuesday . The stock traded as high as $17.25 and last traded at $17.1250, with a volume of 175584 shares trading hands. The stock had previously closed at $16.70.

Analysts Set New Price Targets

Several research firms have recently weighed in on MG. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a report on Thursday, January 22nd. Zacks Research raised Mistras Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $16.00.

Mistras Group Price Performance

The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $539.93 million, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.02 and a beta of 0.74. The firm has a 50 day moving average price of $15.01 and a 200 day moving average price of $13.05.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $181.46 million during the quarter, compared to analyst estimates of $176.27 million. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%. Research analysts anticipate that Mistras Group Inc will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Mistras Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Mistras Group in the 1st quarter worth $256,000. Empowered Funds LLC increased its stake in Mistras Group by 7.3% in the 1st quarter. Empowered Funds LLC now owns 218,088 shares of the technology company’s stock worth $2,307,000 after buying an additional 14,786 shares in the last quarter. American Century Companies Inc. increased its stake in Mistras Group by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 47,498 shares of the technology company’s stock worth $380,000 after buying an additional 9,312 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Mistras Group by 33.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 153,312 shares of the technology company’s stock worth $1,228,000 after buying an additional 38,366 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Mistras Group by 141.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 111,824 shares of the technology company’s stock worth $896,000 after buying an additional 65,551 shares in the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Mistras Group Company Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.