Mistras Group (NYSE:MG) Sets New 1-Year High – Here’s Why

Mistras Group Inc (NYSE:MG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.58 and last traded at $19.5990, with a volume of 48227 shares changing hands. The stock had previously closed at $19.07.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Roth Mkm began coverage on shares of Mistras Group in a research note on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a report on Tuesday, April 21st. Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.00.

Mistras Group Trading Up 1.4%

The business’s 50 day moving average price is $17.96 and its two-hundred day moving average price is $15.48. The company has a market capitalization of $615.02 million, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 1.81.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. The business had revenue of $169.03 million during the quarter, compared to analysts’ expectations of $164.25 million. Equities analysts forecast that Mistras Group Inc will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of Mistras Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Weber Capital Management LLC ADV bought a new position in Mistras Group during the fourth quarter valued at about $18,749,000. IES Holdings Inc. bought a new stake in Mistras Group in the fourth quarter worth about $13,660,000. Invenomic Capital Management LP acquired a new stake in Mistras Group in the 3rd quarter valued at about $4,650,000. Acuitas Investments LLC boosted its position in shares of Mistras Group by 51.7% during the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company’s stock valued at $6,332,000 after purchasing an additional 219,421 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Mistras Group by 80.7% during the 4th quarter. Deutsche Bank AG now owns 379,454 shares of the technology company’s stock valued at $4,800,000 after purchasing an additional 169,414 shares in the last quarter. Institutional investors own 74.92% of the company’s stock.

Mistras Group Company Profile

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.