Mistras Group’s (MG) “Hold (C)” Rating Reaffirmed at Weiss Ratings

Mistras Group (NYSE:MG)‘s stock had its “hold (c)” rating restated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Mistras Group from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Mistras Group has a consensus rating of “Hold”.

Mistras Group Stock Performance

MG stock opened at $9.75 on Wednesday. The firm has a market cap of $307.50 million, a PE ratio of 26.35, a P/E/G ratio of 0.90 and a beta of 1.27. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average of $9.36 and a 200-day moving average of $8.79. Mistras Group has a 12-month low of $7.06 and a 12-month high of $12.44.

Mistras Group (NYSE:MG) last released its earnings results on Wednesday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $185.41 million during the quarter, compared to analyst estimates of $186.43 million. Mistras Group had a return on equity of 9.37% and a net margin of 1.64%. As a group, sell-side analysts expect that Mistras Group will post 0.71 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Eileen Mary Coggins acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were acquired at an average price of $9.55 per share, for a total transaction of $143,250.00. Following the completion of the purchase, the executive vice president owned 15,000 shares in the company, valued at approximately $143,250. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Mistras Group

Several institutional investors have recently bought and sold shares of MG. CSM Advisors LLC purchased a new position in Mistras Group in the second quarter valued at approximately $2,917,000. Invesco Ltd. lifted its position in shares of Mistras Group by 521.1% during the first quarter. Invesco Ltd. now owns 289,838 shares of the technology company’s stock worth $3,066,000 after acquiring an additional 243,175 shares in the last quarter. Acuitas Investments LLC lifted its position in shares of Mistras Group by 45.1% during the first quarter. Acuitas Investments LLC now owns 424,062 shares of the technology company’s stock worth $4,487,000 after acquiring an additional 131,798 shares in the last quarter. Squarepoint Ops LLC bought a new position in Mistras Group in the 2nd quarter worth about $781,000. Finally, Nuveen LLC purchased a new stake in shares of Mistras Group in the first quarter worth about $836,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Company Profile

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.