Mistras Group Inc (NYSE:MG) Director Manuel N. Stamatakis purchased 5,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $14.04 per share, with a total value of $70,200.00. Following the completion of the acquisition, the director now owns 115,286 shares of the company’s stock, valued at $1,618,615.44. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NYSE:MG traded up $0.04 during midday trading on Thursday, reaching $14.20. The company had a trading volume of 87,153 shares, compared to its average volume of 86,065. The company has a current ratio of 1.84, a quick ratio of 1.71 and a debt-to-equity ratio of 1.08. The firm has a market cap of $410.50 million, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.39. Mistras Group Inc has a one year low of $12.38 and a one year high of $23.60.
Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $176.79 million during the quarter, compared to the consensus estimate of $183.90 million. Mistras Group had a positive return on equity of 4.11% and a negative net margin of 0.19%. As a group, equities research analysts forecast that Mistras Group Inc will post 0.66 EPS for the current fiscal year.
A number of brokerages have recently commented on MG. TheStreet downgraded shares of Mistras Group from a “c-” rating to a “d+” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. ValuEngine upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, Canaccord Genuity dropped their price objective on shares of Mistras Group from $20.00 to $16.50 and set a “hold” rating on the stock in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.75.
ILLEGAL ACTIVITY WARNING: This news story was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.themarketsdaily.com/2019/05/23/manuel-n-stamatakis-acquires-5000-shares-of-mistras-group-inc-mg-stock.html.
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 testing program services; and engineering consulting services.
Recommended Story: Book Value Per Share in Stock Trading
Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.