Mistras Group (NYSE:MG) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Mistras Group Inc (NYSE:MG)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.00 and traded as high as $16.70. Mistras Group shares last traded at $16.0260, with a volume of 205,697 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Roth Capital began coverage on Mistras Group in a research report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of 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 issued a Hold rating to the company. Based on data from MarketBeat, Mistras Group has a consensus rating of “Hold” and a consensus price target of $19.00.

Mistras Group Price Performance

The company has a current ratio of 1.81, a quick ratio of 1.67 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $499.86 million, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 0.96 and a beta of 0.88. The stock has a 50 day moving average of $17.56 and a 200-day moving average of $16.02.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter. The company had revenue of $169.03 million for the quarter, compared to the consensus estimate of $164.25 million. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. On average, equities research analysts anticipate that Mistras Group Inc will post 1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MG. Weber Capital Management LLC ADV acquired a new stake in Mistras Group during the 4th quarter valued at approximately $18,749,000. IES Holdings Inc. purchased a new position in shares of Mistras Group during the fourth quarter worth $13,660,000. Deutsche Bank AG raised its holdings in shares of Mistras Group by 80.7% during the fourth quarter. Deutsche Bank AG now owns 379,454 shares of the technology company’s stock worth $4,800,000 after purchasing an additional 169,414 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Mistras Group by 249.4% during the first quarter. Sei Investments Co. now owns 204,840 shares of the technology company’s stock worth $3,028,000 after purchasing an additional 146,222 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Mistras Group by 48.9% during the third quarter. Millennium Management LLC now owns 357,513 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 117,334 shares during the period. 74.92% of the stock is owned by institutional investors.

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.