Mistras Group (NYSE:MG) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Mistras Group Inc (NYSE:MG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.83 and traded as high as $18.06. Mistras Group shares last traded at $17.72, with a volume of 159,249 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MG. Roth Mkm started coverage on Mistras Group in a research note on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Mistras Group presently has an average rating of “Hold” and an average target price of $19.00.

Mistras Group Stock Performance

The company has a fifty day moving average of $17.23 and a two-hundred day moving average of $14.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 1.81. The firm has a market capitalization of $560.29 million, a price-to-earnings ratio of 25.15, a PEG ratio of 1.10 and a beta of 0.87.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter. Mistras Group had a return on equity of 13.60% and a net margin of 3.06%.The firm had revenue of $169.03 million for the quarter, compared to analyst estimates of $164.25 million. As a group, equities research analysts predict that Mistras Group Inc will post 1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Torren Management LLC acquired a new position in shares of Mistras Group in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp bought a new position in shares of Mistras Group in the third quarter valued at approximately $33,000. BNP Paribas Financial Markets grew its holdings in shares of Mistras Group by 22.5% in the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after acquiring an additional 1,360 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Mistras Group in the fourth quarter valued at approximately $74,000. Finally, MetLife Investment Management LLC lifted its stake in Mistras Group by 17.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,065 shares during the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

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.