Mistras Group Inc (NYSE:MG – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $19.58 and last traded at $19.5990, with a volume of 48227 shares. The stock had previously closed at $19.07.
Analyst Upgrades and Downgrades
MG has been the topic of several recent research reports. Wall Street Zen upgraded Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Roth Mkm started coverage on Mistras Group in a research note on Thursday, April 30th. They issued a “buy” rating and a $22.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. Finally, Zacks Research lowered shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.00.
Check Out Our Latest Analysis on Mistras Group
Mistras Group Stock Down 0.2%
Mistras Group (NYSE:MG – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter. The company had revenue of $169.03 million for the quarter, compared to analysts’ expectations of $164.25 million. Mistras Group had a return on equity of 13.60% and a net margin of 3.06%. On average, equities research analysts anticipate that Mistras Group Inc will post 1.05 EPS for the current fiscal year.
Institutional Investors Weigh In On Mistras Group
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in Mistras Group by 1.8% in the first quarter. Empowered Funds LLC now owns 225,494 shares of the technology company’s stock valued at $3,333,000 after purchasing an additional 4,058 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Mistras Group during the first quarter worth approximately $1,040,000. Sei Investments Co. raised its holdings in Mistras Group by 249.4% during the first quarter. Sei Investments Co. now owns 204,840 shares of the technology company’s stock worth $3,028,000 after purchasing an additional 146,222 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Mistras Group by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,703,681 shares of the technology company’s stock worth $25,180,000 after purchasing an additional 35,835 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Mistras Group by 12.6% during the 1st quarter. Bank of New York Mellon Corp now owns 63,129 shares of the technology company’s stock worth $933,000 after buying an additional 7,055 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.
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.
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