Mistras Group (NYSE:MG) Reaches New 12-Month High – What’s Next?

Mistras Group Inc (NYSE:MG)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.20 and last traded at $19.7060, with a volume of 66453 shares traded. The stock had previously closed at $19.45.

Analyst Ratings Changes

Several research firms recently weighed in on MG. Weiss Ratings upgraded shares of Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Roth Capital started coverage on Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.00.

Mistras Group Stock Up 0.3%

The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $17.00 and a two-hundred day simple moving average of $16.46. The stock has a market capitalization of $621.08 million, a P/E ratio of 23.49, a PEG ratio of 1.10 and a beta of 0.89.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $193.13 million for the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. Equities research analysts forecast that Mistras Group Inc will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Mistras Group

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in shares of Mistras Group during the second quarter worth about $30,000. Torren Management LLC acquired a new position in shares of Mistras Group during the 4th quarter worth about $28,000. State of Wyoming bought a new position in Mistras Group in the second quarter valued at approximately $71,000. Kemnay Advisory Services Inc. bought a new position in shares of Mistras Group in the fourth quarter valued at $74,000. Finally, MetLife Investment Management LLC grew its position in shares of Mistras Group by 17.8% in the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after acquiring an additional 1,065 shares during the period. Institutional investors and hedge funds own 74.92% of the company’s stock.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.