Mistras Group Inc (MG) Given Average Rating of “Hold” by Brokerages

Shares of Mistras Group Inc (NYSE:MG) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.00.

MG has been the subject of several research analyst reports. ValuEngine downgraded Mistras Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research downgraded Mistras Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th.

MG stock traded up $0.29 during trading on Friday, hitting $19.65. The company had a trading volume of 51,140 shares, compared to its average volume of 53,867. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.14 and a quick ratio of 2.01. The firm has a market cap of $557.59 million, a price-to-earnings ratio of 45.70, a P/E/G ratio of 0.75 and a beta of 1.36. Mistras Group has a fifty-two week low of $17.78 and a fifty-two week high of $23.83.



Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, August 6th. The technology company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $191.79 million for the quarter, compared to analyst estimates of $175.40 million. Mistras Group had a return on equity of 6.34% and a net margin of 0.38%. On average, research analysts anticipate that Mistras Group will post 0.78 earnings per share for the current year.

In other Mistras Group news, insider Sotirios J. Vahaviolos sold 321,000 shares of Mistras Group stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $21.92, for a total value of $7,036,320.00. Following the completion of the transaction, the insider now owns 10,244,313 shares in the company, valued at approximately $224,555,340.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 43.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems bought a new stake in shares of Mistras Group during the third quarter worth $158,000. We Are One Seven LLC bought a new stake in shares of Mistras Group during the third quarter worth $217,000. Atria Investments LLC raised its position in shares of Mistras Group by 37.2% during the third quarter. Atria Investments LLC now owns 14,221 shares of the technology company’s stock worth $308,000 after acquiring an additional 3,858 shares during the last quarter. United Services Automobile Association raised its position in shares of Mistras Group by 17.5% during the second quarter. United Services Automobile Association now owns 418,407 shares of the technology company’s stock worth $7,900,000 after acquiring an additional 62,310 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Mistras Group by 6.2% during the second quarter. Northern Trust Corp now owns 215,329 shares of the technology company’s stock worth $4,065,000 after acquiring an additional 12,636 shares during the last quarter. Institutional investors own 59.04% of the company’s stock.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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