Mistras Group (NYSE:MG) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Mistras Group Inc (NYSE:MG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.86 and traded as high as $16.88. Mistras Group shares last traded at $16.6440, with a volume of 157,263 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a report on Tuesday, April 21st. Finally, Roth Capital assumed coverage on Mistras Group in a research report on Thursday, April 30th. They set a “buy” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.00.

Mistras Group Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 1.81. The stock’s 50-day moving average is $17.92 and its 200 day moving average is $15.86. The firm has a market cap of $529.61 million, a P/E ratio of 23.78, a PEG ratio of 1.00 and a beta of 0.88.

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

Hedge Funds Weigh In On Mistras Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Torren Management LLC acquired a new position in shares of Mistras Group in the 4th quarter valued at approximately $28,000. Kemnay Advisory Services Inc. acquired a new stake in Mistras Group during the 4th quarter worth approximately $74,000. MetLife Investment Management LLC lifted its stake in Mistras Group by 17.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after buying an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Mistras Group by 22.5% in the third 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Mistras Group in the fourth quarter valued at approximately $141,000. 74.92% of the stock is currently owned by institutional investors and hedge funds.

About Mistras Group

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.