Mistras Group (NYSE:MG) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Mistras Group Inc (NYSE:MG) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $20.29 and traded as low as $20.15. Mistras Group shares last traded at $20.2150, with a volume of 882,946 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings raised Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 13th. Wall Street Zen cut Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Mistras Group Stock Performance

The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average of $20.30 and a 200 day moving average of $17.30. The stock has a market capitalization of $643.37 million, a P/E ratio of 24.34, a PEG ratio of 1.21 and a beta of 0.90.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $193.13 million for the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. Research analysts anticipate that Mistras Group Inc will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MG. Legal & General Group Plc bought a new stake in Mistras Group in the second quarter valued at $30,000. State of Alaska Department of Revenue raised its stake in Mistras Group by 84.6% during the third quarter. State of Alaska Department of Revenue now owns 3,258 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,493 shares in the last quarter. State of Wyoming bought a new position in shares of Mistras Group during the second quarter valued at $71,000. Public Employees Retirement System of Ohio bought a new position in shares of Mistras Group during the second quarter valued at $227,000. Finally, Bank of America Corp DE bought a new position in shares of Mistras Group during the second quarter valued at $249,000. Institutional investors own 74.92% of the company’s stock.

About Mistras Group

Mistras Group, Inc provides asset protection and industrial inspection services designed to help companies monitor the condition, safety and performance of critical infrastructure. The company combines nondestructive testing, inspection, engineering, monitoring and data-management capabilities to identify defects and support maintenance decisions without interrupting the operation of industrial assets.

Its services and technologies include nondestructive testing and examination, mechanical integrity programs, acoustic-emission testing, structural health monitoring, rope access, remote visual inspection and other specialized inspection techniques.