Shares of Mistras Group Inc (NYSE:MG) have received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $29.00.
Several analysts have weighed in on the company. ValuEngine downgraded Mistras Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Zacks Investment Research downgraded Mistras Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, Sidoti upgraded Mistras Group from a “neutral” rating to a “buy” rating in a research note on Thursday, June 28th.
Mistras Group stock traded up $0.14 during trading hours on Wednesday, hitting $20.46. 505 shares of the stock traded hands, compared to its average volume of 69,788. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.01 and a current ratio of 2.14. The company has a market cap of $614.91 million, a PE ratio of 47.70, a PEG ratio of 0.83 and a beta of 1.36. Mistras Group has a 1 year low of $17.78 and a 1 year high of $23.83.
Mistras Group (NYSE:MG) last posted its quarterly earnings results on Monday, August 6th. The technology company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The business had revenue of $191.79 million for the quarter, compared to the consensus estimate of $175.40 million. Mistras Group had a return on equity of 6.34% and a net margin of 0.38%. As a group, analysts predict that Mistras Group will post 0.78 EPS for the current fiscal year.
In other news, insider Sotirios J. Vahaviolos sold 321,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $21.92, for a total value of $7,036,320.00. Following the sale, the insider now owns 10,244,313 shares in the company, valued at $224,555,340.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 43.50% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of MG. Atria Investments LLC purchased a new stake in shares of Mistras Group in the second quarter worth about $196,000. Engineers Gate Manager LP acquired a new position in Mistras Group in the 2nd quarter worth about $215,000. Cubist Systematic Strategies LLC raised its holdings in Mistras Group by 46.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 12,058 shares of the technology company’s stock worth $228,000 after purchasing an additional 3,824 shares during the period. California Public Employees Retirement System acquired a new position in Mistras Group in the 2nd quarter worth about $232,000. Finally, Barclays PLC raised its holdings in Mistras Group by 355.3% in the 1st quarter. Barclays PLC now owns 12,488 shares of the technology company’s stock worth $236,000 after purchasing an additional 9,745 shares during the period. Hedge funds and other institutional investors own 58.32% of the company’s stock.
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.
Recommended Story: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.