Mistras Group (NYSE:MG) Shares Cross Above 200 Day Moving Average – What’s Next?

Mistras Group Inc (NYSE:MG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.57 and traded as high as $17.40. Mistras Group shares last traded at $17.2810, with a volume of 122,560 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research note on Tuesday, April 21st. Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Roth Mkm initiated coverage on Mistras Group in a research note on Thursday, April 30th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.00.

Mistras Group Price Performance

The company has a market capitalization of $549.88 million, a P/E ratio of 24.69, a P/E/G ratio of 1.03 and a beta of 0.92. The company has a quick ratio of 1.67, a current ratio of 1.81 and a debt-to-equity ratio of 0.80. The company’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $14.57.

Mistras Group (NYSE:MG) last announced its quarterly earnings results 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 company had revenue of $169.03 million for the quarter, compared to the consensus estimate of $164.25 million. As a group, sell-side analysts expect that Mistras Group Inc 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 added to or reduced their stakes in the stock. Torren Management LLC acquired a new position in shares of Mistras Group during the fourth quarter valued at $28,000. Jones Financial Companies Lllp acquired a new stake in Mistras Group in the third quarter worth about $33,000. Kemnay Advisory Services Inc. bought a new stake in Mistras Group during the 4th quarter worth about $74,000. 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 valued at $89,000 after purchasing an additional 1,065 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Mistras Group by 22.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,360 shares during the last quarter. 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.