Mistras Group (NYSE:MG) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Mistras Group Inc (NYSE:MG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 equities analysts have recently issued reports on the company. Roth Mkm initiated coverage on Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Zacks Research lowered shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mistras Group presently has a consensus rating of “Hold” and an average target price of $19.00.

Mistras Group Stock Up 5.6%

The stock has a fifty day moving average price of $16.71 and a 200 day moving average price of $14.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.81 and a quick ratio of 1.67. The stock has a market capitalization of $580.72 million, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 1.03 and a beta of 0.92.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter. The company had revenue of $169.03 million during the quarter, compared to analyst estimates of $164.25 million. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. On average, research analysts forecast that Mistras Group Inc will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On Mistras Group

A number of hedge funds have recently made changes to their positions in the business. Torren Management LLC bought a new stake in shares of Mistras Group in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp bought a new stake in Mistras Group during the 3rd quarter valued at $33,000. BNP Paribas Financial Markets raised its holdings 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 valued at $73,000 after buying an additional 1,360 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Mistras Group during the 4th quarter valued at approximately $74,000. Finally, MetLife Investment Management LLC raised 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 last quarter. 74.92% of the stock is currently owned by institutional investors.

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.