Mistras Group Inc (NYSE:MG – Get Free Report) was up 4.2% during trading on Friday. The company traded as high as $21.70 and last traded at $21.5440. 116,922 shares were traded during trading, a decline of 48% from the average daily volume of 225,866 shares. The stock had previously closed at $20.67.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on MG. Weiss Ratings upgraded shares of Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Wall Street Zen lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
Check Out Our Latest Report on Mistras Group
Mistras Group Trading Up 4.3%
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 firm has a 50-day moving average of $19.66 and a 200-day moving average of $18.02. The firm has a market capitalization of $686.56 million, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90.
Mistras Group (NYSE:MG – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. The firm had revenue of $193.13 million during the quarter, compared to the consensus estimate of $189.66 million. On average, equities research analysts anticipate that Mistras Group Inc will post 1.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Mistras Group
Several institutional investors have recently added to or reduced their stakes in MG. Legal & General Group Plc bought a new stake in Mistras Group in the 2nd quarter worth $30,000. State of Alaska Department of Revenue raised its stake in shares of Mistras Group by 84.6% during the third quarter. State of Alaska Department of Revenue now owns 3,258 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,493 shares during the last quarter. State of Wyoming bought a new position in shares of Mistras Group during the second quarter valued at about $71,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Mistras Group during the second quarter worth about $227,000. Finally, Bank of America Corp DE purchased a new stake in shares of Mistras Group during the second quarter worth about $249,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.
Mistras Group Company Profile
MISTRAS Group, Inc (NYSE: MG) is an asset protection and industrial inspection company that helps organizations monitor the safety, reliability and integrity of critical infrastructure. Its services support industries including oil and gas, power generation, aerospace and defense, chemicals, transportation, infrastructure and manufacturing.
The company provides nondestructive testing (NDT), inspection, engineering, mechanical integrity and asset monitoring services. Its capabilities include acoustic emission testing, ultrasonic testing, radiography, visual inspection, rope access, corrosion assessment and structural health monitoring.
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