Mistras Group (MG) Receiving Somewhat Favorable Press Coverage, Accern Reports
Headlines about Mistras Group (NYSE:MG) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mistras Group earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.0506698585153 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts have recently commented on the stock. Canaccord Genuity boosted their target price on shares of Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 target price for the company in a research report on Saturday, November 11th. Robert W. Baird dropped their target price on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Mistras Group in a research report on Friday, October 6th. Finally, The Goldman Sachs Group, Inc. cut shares of Mistras Group from a “neutral” rating to a “sell” rating and dropped their target price for the company from $45.00 to $41.00 in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.71.
Mistras Group (NYSE:MG) traded up $0.08 during mid-day trading on Friday, reaching $21.33. 56,004 shares of the company were exchanged, compared to its average volume of 78,393. The firm has a market cap of $604.57, a PE ratio of 38.16 and a beta of 1.16. Mistras Group has a twelve month low of $17.00 and a twelve month high of $26.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.08 and a current ratio of 2.21.
Mistras Group (NYSE:MG) last released its quarterly earnings data on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The company had revenue of $179.57 million for the quarter, compared to analyst estimates of $172.28 million. Mistras Group had a return on equity of 6.16% and a net margin of 0.68%. analysts predict that Mistras Group will post 0.46 EPS for the current fiscal year.
In related news, COO Jonathan H. Wolk acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $17.41 per share, for a total transaction of $43,525.00. Following the transaction, the chief operating officer now directly owns 83,589 shares in the company, valued at $1,455,284.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.70% of the stock is owned by corporate insiders.
About Mistras Group
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