Shares of Mistras Group Inc (NYSE:MG – Get Free Report) reached a new 52-week high on Monday. The company traded as high as $21.92 and last traded at $21.67, with a volume of 27,792 shares traded. The stock had previously closed at $21.46.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MG. Weiss Ratings upgraded Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 13th. Wall Street Zen lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Mistras Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
View Our Latest Stock Report on Mistras Group
Mistras Group Stock Performance
The firm has a market cap of $687.64 million, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.58. The firm has a fifty day simple moving average of $19.76 and a two-hundred day simple moving average of $18.07.
Mistras Group (NYSE:MG – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. The business had revenue of $193.13 million during the quarter, compared to analysts’ expectations of $189.66 million. On average, analysts expect that Mistras Group Inc will post 1.04 EPS for the current year.
Institutional Trading of Mistras Group
Large investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new stake in shares of Mistras Group in the second quarter worth $30,000. State of Alaska Department of Revenue raised its holdings 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 worth $68,000 after purchasing an additional 1,493 shares during the last quarter. State of Wyoming acquired a new position in Mistras Group during the second quarter valued at $71,000. Public Employees Retirement System of Ohio purchased a new stake in Mistras Group in the second quarter valued at $227,000. Finally, Bank of America Corp DE purchased a new stake in Mistras Group in the second quarter valued at $249,000. 74.92% of the stock is owned by hedge funds and other institutional investors.
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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