Mistras Group (NYSE:MG) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm initiated coverage on shares of Mistras Group (NYSE:MG) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $22.00 price target on the technology company’s stock. Roth Mkm’s price target suggests a potential upside of 17.24% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a report on Tuesday, April 21st. Zacks Research upgraded Mistras Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $19.00.

Mistras Group Trading Up 1.5%

MG stock traded up $0.28 during midday trading on Thursday, reaching $18.77. 59,479 shares of the company traded hands, compared to its average volume of 162,020. Mistras Group has a 52-week low of $7.06 and a 52-week high of $19.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.74. The business has a 50 day moving average of $15.78 and a 200-day moving average of $13.65. The firm has a market capitalization of $597.10 million, a price-to-earnings ratio of 35.41, a P/E/G ratio of 1.13 and a beta of 0.74.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%.The business had revenue of $181.46 million for the quarter, compared to the consensus estimate of $176.27 million. As a group, sell-side analysts expect that Mistras Group will post 1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mistras Group

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

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.