Mistras Group (NYSE:MG) Trading Up 9.5%

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Mistras Group Inc (NYSE:MG)’s share price was up 9.5% on Monday . The company traded as high as $3.88 and last traded at $3.80, approximately 478,086 shares traded hands during trading. An increase of 90% from the average daily volume of 251,742 shares. The stock had previously closed at $3.47.

A number of research analysts have recently weighed in on MG shares. Maxim Group lowered Mistras Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Sidoti cut their price objective on Mistras Group from $21.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Zacks Investment Research lowered Mistras Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 20th. ValuEngine upgraded Mistras Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 30th. Finally, Credit Suisse Group upgraded Mistras Group to an “outperform” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Mistras Group has a consensus rating of “Hold” and an average target price of $15.00.

The company has a market cap of $110.48 million, a PE ratio of -1.32 and a beta of 1.76. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.66 and a quick ratio of 1.53. The company has a 50-day moving average of $4.34 and a 200 day moving average of $7.54.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Monday, May 18th. The technology company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.05). The company had revenue of $159.47 million during the quarter, compared to analysts’ expectations of $151.00 million. Mistras Group had a positive return on equity of 1.45% and a negative net margin of 11.92%. Equities research analysts expect that Mistras Group Inc will post -0.26 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in MG. Great West Life Assurance Co. Can bought a new stake in Mistras Group in the fourth quarter worth about $30,000. Martingale Asset Management L P bought a new stake in Mistras Group in the first quarter worth about $82,000. Alliancebernstein L.P. lifted its stake in Mistras Group by 24.8% in the first quarter. Alliancebernstein L.P. now owns 19,640 shares of the technology company’s stock worth $84,000 after purchasing an additional 3,900 shares during the last quarter. Ahrens Investment Partners LLC bought a new stake in Mistras Group in the first quarter worth about $85,000. Finally, Tudor Investment Corp Et Al bought a new stake in Mistras Group in the first quarter worth about $88,000. 55.70% of the stock is owned by institutional investors and hedge funds.

About Mistras Group (NYSE:MG)

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 testing program services; and engineering consulting services.

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