Mistras Group (NYSE:MG) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Mistras Group Inc (NYSE:MG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.36 and traded as high as $14.67. Mistras Group shares last traded at $14.5570, with a volume of 192,397 shares traded.

Analyst Upgrades and Downgrades

MG has been the topic of several research analyst reports. UBS Group set a $16.00 price objective on Mistras Group in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research lowered shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Mistras Group presently has an average rating of “Hold” and an average target price of $16.00.

Mistras Group Trading Down 0.6%

The business’s fifty day moving average is $13.68 and its 200-day moving average is $11.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.77 and a current ratio of 1.89. The firm has a market cap of $456.81 million, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 0.92 and a beta of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MG. AQR Capital Management LLC increased its stake in shares of Mistras Group by 16.6% in the fourth quarter. AQR Capital Management LLC now owns 18,600 shares of the technology company’s stock valued at $235,000 after buying an additional 2,654 shares during the period. Trexquant Investment LP acquired a new position in shares of Mistras Group in the fourth quarter worth approximately $532,000. Kemnay Advisory Services Inc. bought a new stake in Mistras Group in the fourth quarter valued at approximately $74,000. First Trust Advisors LP increased its position in Mistras Group by 2.5% during the 4th quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock valued at $720,000 after purchasing an additional 1,396 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Mistras Group by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,258 shares of the technology company’s stock worth $206,000 after purchasing an additional 2,636 shares during the last quarter. 74.92% of the stock is 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.