Mistras Group (MG) Getting Somewhat Positive News Coverage, Study Finds
News headlines about Mistras Group (NYSE:MG) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mistras Group earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.2100586834788 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s rankings:
- Analyzing Mistras Group (MG) and Genpact Limited (G) (americanbankingnews.com)
- Mistras Group (MG) vs. Odyssey Marine Exploration (OMEX) Financial Survey (americanbankingnews.com)
- Mistras Group Reaches Analyst Target Price (thestreet.com)
- Mistras Group Inc (MG) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of Mistras Group (NYSE MG) traded down 3.30% during trading on Friday, hitting $20.50. 68,184 shares of the stock traded hands. Mistras Group has a 52 week low of $17.00 and a 52 week high of $26.46. The firm has a market cap of $579.13 million, a P/E ratio of 43.62 and a beta of 1.17. The company has a 50-day moving average of $19.25 and a 200-day moving average of $20.94.
Mistras Group (NYSE:MG) last issued its earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). Mistras Group had a return on equity of 7.04% and a net margin of 2.69%. The firm had revenue of $170.44 million for the quarter, compared to analyst estimates of $170.16 million. On average, analysts forecast that Mistras Group will post $0.50 EPS for the current fiscal year.
Several equities analysts have recently weighed in on MG shares. KeyCorp reaffirmed a “hold” rating on shares of Mistras Group in a research note on Friday, August 25th. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Canaccord Genuity decreased their price target on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, August 10th. Robert W. Baird decreased their price target on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Finally, BidaskClub cut shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Mistras Group currently has a consensus rating of “Hold” and an average price target of $34.40.
In related news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $21.08, for a total value of $2,000,007.16. Following the completion of the sale, the chairman now directly owns 10,651,632 shares of the company’s stock, valued at approximately $224,536,402.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jonathan H. Wolk purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average cost of $17.41 per share, with a total value of $43,525.00. Following the completion of the transaction, the chief operating officer now directly owns 83,589 shares in the company, valued at approximately $1,455,284.49. The disclosure for this purchase can be found here. Insiders have sold 189,829 shares of company stock worth $4,003,459 over the last ninety days. 44.70% of the stock is owned by insiders.
Mistras Group Company Profile
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