Roth Capital lowered shares of Mistras Group (NYSE:MG – Free Report) from a buy rating to a neutral rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has $20.35 price objective on the technology company’s stock.
A number of other research firms also recently commented on MG. Weiss Ratings raised Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, October 13th. Wall Street Zen lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.18.
Read Our Latest Stock Report on Mistras Group
Mistras Group Stock Performance
Shares of MG stock opened at $20.16 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.74. Mistras Group has a one year low of $11.13 and a one year high of $21.92. The company’s 50-day simple moving average is $20.40 and its 200-day simple moving average is $17.42. The stock has a market capitalization of $642.34 million, a price-to-earnings ratio of 18.91, a PEG ratio of 1.22 and a beta of 0.96.
Mistras Group (NYSE:MG – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). The firm had revenue of $204.62 million during the quarter, compared to analyst estimates of $202.41 million. Mistras Group had a return on equity of 11.13% and a net margin of 2.78%. Equities analysts anticipate that Mistras Group will post 1.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Knights of Columbus Asset Advisors LLC lifted its holdings in Mistras Group by 0.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 140,613 shares of the technology company’s stock worth $2,961,000 after acquiring an additional 658 shares during the last quarter. State of Wyoming boosted its stake in Mistras Group by 202.9% in the third quarter. State of Wyoming now owns 12,381 shares of the technology company’s stock valued at $261,000 after acquiring an additional 8,294 shares during the period. Ellsworth Advisors LLC boosted its stake in Mistras Group by 2.8% in the third quarter. Ellsworth Advisors LLC now owns 43,520 shares of the technology company’s stock valued at $917,000 after acquiring an additional 1,204 shares during the period. State of Alaska Department of Revenue boosted its stake in Mistras Group by 84.6% in 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 period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Mistras Group during the second quarter valued at approximately $296,000. 74.92% of the stock is currently owned by institutional investors.
About Mistras Group
Mistras Group, Inc provides asset protection and industrial inspection services designed to help companies monitor the condition, safety and performance of critical infrastructure. The company combines nondestructive testing, inspection, engineering, monitoring and data-management capabilities to identify defects and support maintenance decisions without interrupting the operation of industrial assets.
Its services and technologies include nondestructive testing and examination, mechanical integrity programs, acoustic-emission testing, structural health monitoring, rope access, remote visual inspection and other specialized inspection techniques.
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