Mistras Group Inc (NYSE:MG) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $22.00.

Several research analysts have recently commented on MG shares. Canaccord Genuity started coverage on shares of Mistras Group in a report on Wednesday, November 7th. They issued a “hold” rating and a $20.00 price target for the company. Zacks Investment Research raised shares of Mistras Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, October 10th. BMO Capital Markets reaffirmed a “buy” rating on shares of Mistras Group in a report on Friday, November 9th. Finally, ValuEngine downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a research report on Monday, November 12th.

MG traded up $0.01 during trading hours on Friday, reaching $15.66. 1,266 shares of the stock traded hands, compared to its average volume of 81,708. The firm has a market cap of $443.56 million, a price-to-earnings ratio of 36.47, a PEG ratio of 0.73 and a beta of 1.31. Mistras Group has a fifty-two week low of $13.66 and a fifty-two week high of $23.60. The company has a current ratio of 2.09, a quick ratio of 1.98 and a debt-to-equity ratio of 0.56.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Monday, November 5th. The technology company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.11). Mistras Group had a return on equity of 6.42% and a net margin of 1.17%. The company had revenue of $182.17 million for the quarter, compared to analyst estimates of $181.50 million. On average, analysts forecast that Mistras Group will post 0.63 earnings per share for the current fiscal year.

In related news, Director Manuel N. Stamatakis acquired 25,000 shares of the stock in a transaction that occurred on Thursday, December 20th. The shares were purchased at an average cost of $14.50 per share, with a total value of $362,500.00. Following the completion of the transaction, the director now owns 77,392 shares of the company’s stock, valued at approximately $1,122,184. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Manuel N. Stamatakis acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were bought at an average cost of $14.28 per share, for a total transaction of $214,200.00. Following the completion of the transaction, the director now directly owns 77,392 shares of the company’s stock, valued at approximately $1,105,157.76. The disclosure for this purchase can be found here. Company insiders own 43.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MG. Ramsey Quantitative Systems acquired a new stake in Mistras Group in the third quarter valued at approximately $158,000. We Are One Seven LLC acquired a new position in Mistras Group during the 3rd quarter valued at $217,000. California Public Employees Retirement System acquired a new position in Mistras Group during the 2nd quarter valued at $232,000. Seizert Capital Partners LLC acquired a new position in Mistras Group during the 3rd quarter valued at $252,000. Finally, Macquarie Group Ltd. acquired a new position in Mistras Group during the 3rd quarter valued at $265,000. 58.58% of the stock is currently owned by hedge funds and other institutional investors.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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Analyst Recommendations for Mistras Group (NYSE:MG)

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