Mistras Group (NYSE:MG) Sets New 12-Month High – Here’s Why

Mistras Group Inc (NYSE:MG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.23 and last traded at $17.8450, with a volume of 21097 shares traded. The stock had previously closed at $17.85.

Wall Street Analysts Forecast Growth

MG has been the subject of several recent research reports. Zacks Research raised Mistras Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $16.00.

Mistras Group Trading Up 1.2%

The company has a market cap of $574.83 million, a price-to-earnings ratio of 34.09, a PEG ratio of 1.06 and a beta of 0.74. The firm has a 50 day moving average price of $15.14 and a two-hundred day moving average price of $13.18. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 0.77.

Mistras Group (NYSE:MG) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%.The company had revenue of $181.46 million for the quarter, compared to analyst estimates of $176.27 million. As a group, equities analysts forecast that Mistras Group Inc will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Mistras Group

Several institutional investors and hedge funds have recently made changes to their positions in MG. Weber Capital Management LLC ADV bought a new stake in shares of Mistras Group during the 4th quarter valued at about $18,749,000. IES Holdings Inc. bought a new stake in shares of Mistras Group during the 4th quarter valued at about $13,660,000. Invenomic Capital Management LP bought a new stake in shares of Mistras Group during the 3rd quarter valued at about $4,650,000. Acuitas Investments LLC boosted its position in shares of Mistras Group by 51.7% during the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company’s stock valued at $6,332,000 after purchasing an additional 219,421 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Mistras Group by 80.7% during the 4th quarter. Deutsche Bank AG now owns 379,454 shares of the technology company’s stock valued at $4,800,000 after purchasing an additional 169,414 shares in the last quarter. Institutional investors own 74.92% of the company’s stock.

Mistras Group Company Profile

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.