Mistras Group Target of Unusually High Options Trading (NYSE:MG)

Mistras Group Inc (NYSE:MG) saw some unusual options trading on Friday. Traders bought 6,248 put options on the stock. This is an increase of 1,675% compared to the typical volume of 352 put options.

Analysts Set New Price Targets

MG has been the subject of several recent analyst reports. Weiss Ratings cut shares of Mistras Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. Wall Street Zen lowered shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.00.

Institutional Trading of Mistras Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Weber Capital Management LLC ADV acquired a new position in shares of Mistras Group in the second quarter worth about $25,299,250. BlackRock Inc. purchased a new position in shares of Mistras Group in the 2nd quarter valued at about $20,373,000. Deutsche Bank AG acquired a new position in Mistras Group in the 2nd quarter worth about $6,804,000. Empowered Funds LLC purchased a new stake in shares of Mistras Group in the second quarter valued at approximately $3,939,000. Finally, JB Capital Partners LP purchased a new position in shares of Mistras Group during the 2nd quarter valued at approximately $3,533,185. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Mistras Group Stock Up 5.1%

MG traded up $1.02 during midday trading on Friday, hitting $20.86. 1,295,894 shares of the company’s stock traded hands, compared to its average volume of 198,623. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.58. Mistras Group has a one year low of $9.37 and a one year high of $21.32. The stock’s fifty day simple moving average is $17.55 and its 200-day simple moving average is $17.14. The company has a market cap of $664.39 million, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92.

Mistras Group (NYSE:MG) last posted 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 firm had revenue of $193.13 million for the quarter, compared to the consensus estimate of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. As a group, equities analysts anticipate that Mistras Group will post 1.04 earnings per share for the current fiscal year.

About Mistras Group

Mistras Group, Inc (NYSE: MG) is an asset protection and industrial inspection company that helps organizations monitor the condition, safety and performance of critical infrastructure. Its services are designed to identify defects, prevent equipment failures and support regulatory compliance across industrial and infrastructure assets.

The company provides nondestructive testing and inspection, engineering and consulting, mechanical integrity programs, asset monitoring and data-management services.