Mistras Group, Inc. (NYSE:MG) Director Richard H. Glanton Sells 4,357 Shares of Stock

Mistras Group, Inc. (NYSE:MG) Director Richard H. Glanton sold 4,357 shares of the business’s stock in a transaction on Monday, September 20th. The shares were sold at an average price of $9.04, for a total transaction of $39,387.28. The sale was disclosed in a document filed with the SEC, which is available through this link.

NYSE MG opened at $9.76 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Mistras Group, Inc. has a 1-year low of $3.69 and a 1-year high of $12.57. The firm’s fifty day simple moving average is $9.89 and its 200-day simple moving average is $10.38. The company has a market capitalization of $287.26 million, a PE ratio of 122.02 and a beta of 2.15.

Mistras Group (NYSE:MG) last issued its earnings results on Sunday, August 1st. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.14. The company had revenue of $177.68 million for the quarter, compared to analyst estimates of $165.90 million. Mistras Group had a return on equity of 2.80% and a net margin of 0.36%. As a group, analysts predict that Mistras Group, Inc. will post 0.34 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Mistras Group by 13.1% in the second quarter. BlackRock Inc. now owns 1,380,610 shares of the technology company’s stock worth $13,571,000 after buying an additional 159,507 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Mistras Group by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,112,795 shares of the technology company’s stock worth $10,939,000 after purchasing an additional 10,919 shares during the period. Vanguard Group Inc. grew its holdings in Mistras Group by 0.9% during the second quarter. Vanguard Group Inc. now owns 900,701 shares of the technology company’s stock valued at $8,854,000 after purchasing an additional 7,938 shares during the last quarter. FMR LLC raised its position in shares of Mistras Group by 3.8% in the second quarter. FMR LLC now owns 617,071 shares of the technology company’s stock valued at $6,066,000 after purchasing an additional 22,424 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Mistras Group by 32.0% in the first quarter. Royce & Associates LP now owns 578,101 shares of the technology company’s stock worth $6,596,000 after buying an additional 140,000 shares during the last quarter. Hedge funds and other institutional investors own 50.26% of the company’s stock.

Several research analysts recently weighed in on MG shares. TheStreet raised Mistras Group from a “d+” rating to a “c” rating in a research report on Tuesday, August 3rd. Zacks Investment Research raised shares of Mistras Group from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, August 5th.

Mistras Group Company Profile

MISTRAS Group, Inc engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: Services, International, and Products and Systems. The Services segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services.

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