Somewhat Positive Press Coverage Somewhat Unlikely to Impact Mistras Group (MG) Stock Price

Media headlines about Mistras Group (NYSE:MG) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mistras Group earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.9219831028315 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

MG stock traded down $0.08 during midday trading on Friday, hitting $19.58. 49,760 shares of the stock were exchanged, compared to its average volume of 83,948. The stock has a market cap of $556.20, a PE ratio of 45.53 and a beta of 1.13. Mistras Group has a fifty-two week low of $17.00 and a fifty-two week high of $23.83. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.05 and a current ratio of 2.16.

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Mistras Group (NYSE:MG) last issued its quarterly earnings data on Monday, March 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.08). The firm had revenue of $187.64 million for the quarter, compared to analyst estimates of $182.16 million. Mistras Group had a positive return on equity of 4.97% and a negative net margin of 0.31%. equities research analysts predict that Mistras Group will post 0.84 earnings per share for the current year.

MG has been the subject of several research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $22.00 price objective on shares of Mistras Group in a report on Friday, December 22nd. Zacks Investment Research cut Mistras Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Stephens set a $24.00 price objective on Mistras Group and gave the stock a “hold” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.17.

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About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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