Mistras Group (NYSE:MG) Share Price Crosses Above 200 Day Moving Average of $7.45

Mistras Group, Inc. (NYSE:MG)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.45 and traded as high as $9.15. Mistras Group shares last traded at $8.92, with a volume of 67,129 shares.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Mistras Group from a “d+” rating to a “c-” rating in a report on Tuesday, February 27th.

Mistras Group Stock Performance

The company has a market capitalization of $273.16 million, a PE ratio of -15.37 and a beta of 1.65. The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.01. The firm’s 50-day simple moving average is $8.96 and its 200-day simple moving average is $7.45.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $182.07 million during the quarter. Mistras Group had a negative net margin of 2.48% and a positive return on equity of 3.32%.

Insider Activity

In other news, EVP Michael J. Lange sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total transaction of $42,650.00. Following the transaction, the executive vice president now directly owns 341,838 shares in the company, valued at $2,915,878.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Mistras Group

Several institutional investors have recently bought and sold shares of MG. Envestnet Asset Management Inc. raised its holdings in shares of Mistras Group by 34.7% in the first quarter. Envestnet Asset Management Inc. now owns 27,156 shares of the technology company’s stock worth $180,000 after buying an additional 6,989 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Mistras Group by 9.5% in the first quarter. Panagora Asset Management Inc. now owns 72,166 shares of the technology company’s stock worth $477,000 after buying an additional 6,268 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Mistras Group by 0.9% in the first quarter. BlackRock Inc. now owns 1,400,796 shares of the technology company’s stock worth $9,258,000 after buying an additional 12,485 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mistras Group by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 996,636 shares of the technology company’s stock worth $6,587,000 after buying an additional 36,770 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Mistras Group by 5.5% in the first quarter. Federated Hermes Inc. now owns 500,458 shares of the technology company’s stock worth $3,308,000 after buying an additional 26,162 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.