StockNews.com Downgrades Mistras Group (NYSE:MG) to Buy

Mistras Group (NYSE:MGGet Rating) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, TheStreet lowered Mistras Group from a “c-” rating to a “d” rating in a research report on Thursday, November 3rd.

Mistras Group Price Performance

Shares of MG opened at $3.92 on Wednesday. The firm has a market cap of $117.21 million, a price-to-earnings ratio of 35.64 and a beta of 1.68. The stock has a 50 day moving average of $4.56 and a 200-day moving average of $5.41. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.09. Mistras Group has a 52 week low of $3.38 and a 52 week high of $8.76.

Institutional Trading of Mistras Group

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Mistras Group by 0.9% in the 1st quarter. BlackRock Inc. now owns 1,400,796 shares of the technology company’s stock worth $9,258,000 after purchasing an additional 12,485 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Mistras Group by 7.2% in the 3rd quarter. Royce & Associates LP now owns 1,313,357 shares of the technology company’s stock worth $5,858,000 after purchasing an additional 88,197 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Mistras Group by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,097,222 shares of the technology company’s stock valued at $4,894,000 after acquiring an additional 15,905 shares in the last quarter. Price Jennifer C. raised its stake in Mistras Group by 71.4% during the 3rd quarter. Price Jennifer C. now owns 1,032,174 shares of the technology company’s stock valued at $4,603,000 after acquiring an additional 430,016 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Mistras Group by 43.8% during the 2nd quarter. Federated Hermes Inc. now owns 719,427 shares of the technology company’s stock valued at $4,273,000 after acquiring an additional 218,969 shares in the last quarter. Institutional investors own 52.36% of the company’s stock.

Mistras Group Company Profile

(Get Rating)

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers non-destructive testing services; predictive maintenance assessments of fixed and rotating assets; inline inspection for pipelines; and develops enterprise inspection database management software and plant condition management software.

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