Mistras Group Inc (NYSE:MG – Get Free Report)’s stock price hit a new 52-week high on Thursday . The company traded as high as $20.20 and last traded at $19.7060, with a volume of 66453 shares. The stock had previously closed at $19.45.
Wall Street Analysts Forecast Growth
MG has been the topic of a number of analyst reports. Roth Capital started coverage on Mistras Group in a report on Thursday, April 30th. They set a “buy” rating and a $22.00 price objective on the stock. Weiss Ratings raised Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.00.
View Our Latest Stock Analysis on Mistras Group
Mistras Group Price Performance
Mistras Group (NYSE:MG – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%.The business had revenue of $193.13 million for the quarter, compared to analyst estimates of $189.66 million. On average, equities analysts forecast that Mistras Group Inc will post 1.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of Mistras Group in the first quarter valued at approximately $256,000. Empowered Funds LLC increased its position in Mistras Group by 7.3% during the first quarter. Empowered Funds LLC now owns 218,088 shares of the technology company’s stock worth $2,307,000 after acquiring an additional 14,786 shares during the period. American Century Companies Inc. increased its position in Mistras Group by 24.4% during the second quarter. American Century Companies Inc. now owns 47,498 shares of the technology company’s stock worth $380,000 after acquiring an additional 9,312 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Mistras Group by 33.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 153,312 shares of the technology company’s stock worth $1,228,000 after acquiring an additional 38,366 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Mistras Group by 141.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 111,824 shares of the technology company’s stock valued at $896,000 after purchasing an additional 65,551 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.
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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