Mistras Group (NYSE:MG) Reaches New 1-Year High – Time to Buy?

Shares of Mistras Group Inc (NYSE:MGGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.40 and last traded at $20.0940, with a volume of 393817 shares traded. The stock had previously closed at $19.36.

Analysts Set New Price Targets

MG has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings cut Mistras Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.00.

Check Out Our Latest Stock Analysis on MG

Mistras Group Price Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71. The stock’s 50-day moving average is $17.48 and its two-hundred day moving average is $17.11. The stock has a market cap of $625.69 million, a PE ratio of 23.67, a PEG ratio of 1.18 and a beta of 0.92.

Mistras Group (NYSE:MGGet Free Report) last posted its earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $193.13 million for the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. On average, equities analysts predict that Mistras Group Inc will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Mistras Group

A number of hedge funds have recently bought and sold shares of MG. Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 35,835 shares in the last quarter. Weber Capital Management LLC ADV purchased a new position in Mistras Group in the second quarter worth approximately $25,299,250. Royce & Associates LP lifted its stake in Mistras Group by 5.8% in the fourth quarter. Royce & Associates LP now owns 1,421,087 shares of the technology company’s stock worth $17,977,000 after acquiring an additional 78,340 shares during the last quarter. BlackRock Inc. acquired a new position in Mistras Group during the 2nd quarter worth approximately $20,373,000. Finally, Invenomic Capital Management LP increased its position in shares of Mistras Group by 0.7% in the 4th quarter. Invenomic Capital Management LP now owns 475,692 shares of the technology company’s stock valued at $6,018,000 after purchasing an additional 3,156 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

About Mistras Group

(Get Free Report)

Mistras Group, Inc (NYSE: MG) is an asset protection and industrial inspection company that helps organizations monitor the condition, safety and performance of critical infrastructure. Its services are designed to identify defects, prevent equipment failures and support regulatory compliance across industrial and infrastructure assets.

The company provides nondestructive testing and inspection, engineering and consulting, mechanical integrity programs, asset monitoring and data-management services.

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