Mistras Group Inc (NYSE:MG) Director Nicholas Debenedictis bought 2,495 shares of Mistras Group stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $14.03 per share, for a total transaction of $35,004.85. Following the completion of the transaction, the director now directly owns 47,089 shares in the company, valued at $660,658.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Nicholas Debenedictis also recently made the following trade(s):
- On Monday, May 20th, Nicholas Debenedictis bought 6,990 shares of Mistras Group stock. The stock was acquired at an average cost of $13.89 per share, for a total transaction of $97,091.10.
- On Monday, March 18th, Nicholas Debenedictis bought 7,000 shares of Mistras Group stock. The stock was acquired at an average cost of $13.90 per share, for a total transaction of $97,300.00.
Mistras Group stock traded down $0.20 during mid-day trading on Friday, reaching $13.96. The stock had a trading volume of 55,164 shares, compared to its average volume of 85,003. The stock has a market cap of $399.90 million, a price-to-earnings ratio of 25.38, a PEG ratio of 1.32 and a beta of 1.39. Mistras Group Inc has a one year low of $12.38 and a one year high of $23.60. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.84 and a quick ratio of 1.71.
Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.11). The firm had revenue of $176.79 million during the quarter, compared to the consensus estimate of $183.90 million. Mistras Group had a positive return on equity of 4.11% and a negative net margin of 0.19%. On average, equities analysts expect that Mistras Group Inc will post 0.66 EPS for the current fiscal year.
MG has been the topic of a number of recent research reports. Canaccord Genuity reduced their target price on shares of Mistras Group from $20.00 to $16.50 and set a “hold” rating on the stock in a research report on Thursday, March 14th. Zacks Investment Research downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. TheStreet cut shares of Mistras Group from a “c-” rating to a “d+” rating in a research note on Wednesday, April 3rd. Finally, ValuEngine upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.75.
Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake in Mistras Group by 667.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,082 shares of the technology company’s stock worth $56,000 after purchasing an additional 3,550 shares in the last quarter. Citigroup Inc. boosted its stake in Mistras Group by 16.0% in the 4th quarter. Citigroup Inc. now owns 5,605 shares of the technology company’s stock worth $81,000 after purchasing an additional 773 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Mistras Group by 440.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,186 shares of the technology company’s stock worth $89,000 after purchasing an additional 5,041 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Mistras Group in the 4th quarter worth about $185,000. Finally, Mycio Wealth Partners LLC bought a new position in Mistras Group in the 1st quarter worth about $207,000. Institutional investors own 58.88% of the company’s stock.
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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 testing program services; and engineering consulting services.
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