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.
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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