Mistras Group (NYSE:MG) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Mistras Group Inc (NYSE:MG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.35 and traded as high as $18.87. Mistras Group shares last traded at $18.4230, with a volume of 450,853 shares.

Analysts Set New Price Targets

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

Mistras Group Trading Down 0.2%

The company has a fifty day simple moving average of $17.88 and a two-hundred day simple moving average of $15.35. The company has a market capitalization of $586.22 million, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.81 and a quick ratio of 1.67.

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

Hedge Funds Weigh In On Mistras Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC acquired a new stake in shares of Mistras Group in the fourth quarter worth $28,000. Jones Financial Companies Lllp acquired a new position in Mistras Group in the 3rd quarter valued at $33,000. Kemnay Advisory Services Inc. bought a new position in Mistras Group in the 4th quarter worth $74,000. MetLife Investment Management LLC raised its holdings in Mistras Group by 17.8% in the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,065 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Mistras Group by 22.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares during the last quarter. Institutional investors and hedge funds 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.