Mistras Group (NYSE:MG) Sets New 1-Year High – What’s Next?

Mistras Group Inc (NYSE:MG)’s share price reached a new 52-week high on Tuesday . The company traded as high as $19.52 and last traded at $19.5350, with a volume of 85231 shares traded. The stock had previously closed at $18.69.

Wall Street Analysts Forecast Growth

MG has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. Zacks Research raised Mistras Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Wall Street Zen cut Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Roth Mkm began coverage on Mistras Group in a research report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Mistras Group Trading Up 1.6%

The stock has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $13.75. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The company has a market cap of $604.39 million, a price-to-earnings ratio of 35.84, a PEG ratio of 1.18 and a beta of 0.92.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, topping 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 company had revenue of $181.46 million during the quarter, compared to analysts’ expectations of $176.27 million. As a group, equities research analysts predict that Mistras Group Inc will post 1.02 EPS for the current fiscal year.

Institutional Trading of Mistras Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position in Mistras Group by 17.8% during the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,065 shares during the period. BNP Paribas Financial Markets lifted its position in Mistras Group by 22.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares during the period. First Trust Advisors LP raised its stake in shares of Mistras Group by 2.5% during the 4th quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock valued at $720,000 after buying an additional 1,396 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Mistras Group by 18.2% during the 2nd quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock valued at $114,000 after buying an additional 2,183 shares during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Mistras Group during the 4th quarter valued at about $28,000. Institutional investors and hedge funds 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.