Mistras Group (NYSE:MG) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Mistras Group Inc (NYSE:MG) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.54 and traded as high as $14.87. Mistras Group shares last traded at $14.60, with a volume of 104,602 shares trading hands.

Analyst Upgrades and Downgrades

MG has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a report on Thursday, January 22nd. Zacks Research raised shares of Mistras Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Mistras Group currently has an average rating of “Buy” and an average target price of $16.00.

Mistras Group Stock Up 3.1%

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 firm has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $12.59. The firm has a market capitalization of $481.43 million, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 0.88 and a beta of 0.74.

Mistras Group (NYSE:MG) last issued its earnings results on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Mistras Group had a net margin of 2.33% and a return on equity of 12.77%. The business had revenue of $181.46 million for the quarter, compared to the consensus estimate of $176.27 million. On average, equities analysts expect that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mistras Group

A number of institutional investors have recently made changes to their positions in MG. MetLife Investment Management LLC boosted 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. BNP Paribas Financial Markets grew its position in 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 buying an additional 1,360 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Mistras Group by 2.5% during the fourth quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock valued at $720,000 after acquiring an additional 1,396 shares during the period. Raymond James Financial Inc. increased its position 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 purchasing an additional 2,183 shares during the period. Finally, Torren Management LLC bought a new stake in Mistras Group in the fourth quarter worth about $28,000. 74.92% of the stock is owned by institutional investors and hedge funds.

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.