Mistras Group (NYSE:MG) Releases Earnings Results

Mistras Group (NYSE:MG) issued its quarterly earnings results on Wednesday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Mistras Group had a negative net margin of 2.48% and a positive return on equity of 3.32%. The company had revenue of $184.44 million during the quarter.

Mistras Group Stock Up 1.2 %

MG stock traded up $0.11 during trading on Thursday, hitting $9.23. 21,178 shares of the stock traded hands, compared to its average volume of 74,594. The stock has a market cap of $282.81 million, a price-to-earnings ratio of -15.72 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.42. Mistras Group has a 1 year low of $4.96 and a 1 year high of $9.85. The firm’s 50 day moving average is $9.06 and its two-hundred day moving average is $7.70.

Insider Buying and Selling at Mistras Group

In other news, EVP Michael J. Lange sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total transaction of $42,650.00. Following the sale, the executive vice president now owns 341,838 shares in the company, valued at $2,915,878.14. The transaction was disclosed in a filing with the SEC, which is available at this link. 12.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Mistras Group from a “d+” rating to a “c-” rating in a research note on Tuesday, February 27th.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.