Mistras Group (NYSE:MG) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Mistras Group (NYSE:MG) from a sell rating to a hold rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries. “

Other equities analysts have also issued reports about the stock. ValuEngine raised shares of Vermillion from a hold rating to a buy rating in a research report on Wednesday, May 15th. Canaccord Genuity raised shares of Fortuna Silver Mines from a hold rating to a buy rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. TheStreet raised shares of Stitch Fix from a d rating to a c- rating in a research report on Wednesday, June 26th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 1,206 ($15.76) price target on shares of in a report on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $31.50.



Shares of Mistras Group stock opened at $14.91 on Tuesday. The stock has a market cap of $424.82 million, a price-to-earnings ratio of 38.03, a P/E/G ratio of 1.37 and a beta of 1.23. The company has a quick ratio of 1.71, a current ratio of 1.84 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $14.14. Mistras Group has a 52 week low of $12.38 and a 52 week high of $23.60.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Monday, May 6th. The technology company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). The company had revenue of $176.79 million during the quarter, compared to analysts’ expectations of $183.90 million. Mistras Group had a negative net margin of 0.19% and a positive return on equity of 4.11%. As a group, analysts anticipate that Mistras Group will post 0.66 EPS for the current year.

In other Mistras Group news, Director Manuel N. Stamatakis purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $13.25 per share, for a total transaction of $66,250.00. Following the acquisition, the director now owns 110,286 shares in the company, valued at $1,461,289.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jonathan H. Wolk purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average price of $13.76 per share, for a total transaction of $34,400.00. Following the acquisition, the chief operating officer now owns 94,900 shares in the company, valued at approximately $1,305,824. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 26,041 shares of company stock worth $359,206. 42.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Mistras Group by 181.8% during the 4th quarter. Bank of America Corp DE now owns 168,508 shares of the technology company’s stock worth $2,424,000 after purchasing an additional 108,711 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Mistras Group by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,378,961 shares of the technology company’s stock worth $19,830,000 after purchasing an additional 59,870 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Mistras Group by 231.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 76,464 shares of the technology company’s stock worth $1,056,000 after purchasing an additional 53,392 shares during the period. Rutabaga Capital Management LLC MA grew its stake in shares of Mistras Group by 7.5% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 728,619 shares of the technology company’s stock worth $10,062,000 after purchasing an additional 50,950 shares during the period. Finally, Great Lakes Advisors LLC grew its stake in shares of Mistras Group by 20.0% during the 1st quarter. Great Lakes Advisors LLC now owns 214,578 shares of the technology company’s stock worth $2,963,000 after purchasing an additional 35,811 shares during the period. Institutional investors own 58.98% of the company’s stock.

About Mistras Group

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 testing program services; and engineering consulting services.

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