Mistras Group (NYSE:MG) Shares Cross Above 200 Day Moving Average – Should You Sell?

Mistras Group Inc (NYSE:MG)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $17.67 and traded as high as $20.70. Mistras Group shares last traded at $20.6040, with a volume of 435,026 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MG. Wall Street Zen downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Mistras Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 28th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Mistras Group has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Mistras Group Stock Performance

The firm’s 50 day simple moving average is $18.92 and its 200-day simple moving average is $17.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71. The company has a market capitalization of $664.39 million, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.24 and a beta of 0.90.

Mistras Group (NYSE:MG) last issued its earnings results on Monday, August 10th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $193.13 million during the quarter, compared to analysts’ expectations of $189.66 million. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. Analysts expect that Mistras Group Inc will post 1.04 EPS for the current year.

Institutional Trading of Mistras Group

Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in Mistras Group during the 2nd quarter worth $30,000. Invenomic Capital Management LP increased its stake in shares of Mistras Group by 0.7% in the fourth quarter. Invenomic Capital Management LP now owns 475,692 shares of the technology company’s stock worth $6,018,000 after purchasing an additional 3,156 shares during the period. Empowered Funds LLC lifted its position in shares of Mistras Group by 1.8% during the 1st quarter. Empowered Funds LLC now owns 225,494 shares of the technology company’s stock worth $3,333,000 after purchasing an additional 4,058 shares during the last quarter. State of Wyoming acquired a new position in shares of Mistras Group during the 2nd quarter worth about $71,000. Finally, Bank of New York Mellon Corp boosted its stake in Mistras Group by 12.6% during the 1st quarter. Bank of New York Mellon Corp now owns 63,129 shares of the technology company’s stock valued at $933,000 after purchasing an additional 7,055 shares during the period. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Mistras Group Company Profile

MISTRAS Group, Inc (NYSE: MG) is an asset protection and industrial inspection company that helps organizations monitor the safety, reliability and integrity of critical infrastructure. Its services support industries including oil and gas, power generation, aerospace and defense, chemicals, transportation, infrastructure and manufacturing.

The company provides nondestructive testing (NDT), inspection, engineering, mechanical integrity and asset monitoring services. Its capabilities include acoustic emission testing, ultrasonic testing, radiography, visual inspection, rope access, corrosion assessment and structural health monitoring.