Mistras Group, Inc. (NYSE:MG) Sees Large Decrease in Short Interest

Mistras Group, Inc. (NYSE:MGGet Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 93,800 shares, a drop of 22.5% from the May 15th total of 121,100 shares. Based on an average daily volume of 65,700 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the shares of the company are sold short.

Mistras Group Price Performance

Mistras Group stock traded down $0.29 during trading on Friday, reaching $8.05. The company had a trading volume of 37,978 shares, compared to its average volume of 41,323. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.50 and a current ratio of 1.63. The firm’s 50-day simple moving average is $8.81 and its 200 day simple moving average is $8.32. The firm has a market capitalization of $249.31 million, a PE ratio of -21.18 and a beta of 1.70. Mistras Group has a 1-year low of $4.96 and a 1-year high of $9.85.

Mistras Group (NYSE:MGGet Free Report) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.07 earnings per share (EPS) for the quarter. Mistras Group had a negative net margin of 1.59% and a positive return on equity of 6.28%. The business had revenue of $184.44 million for the quarter. As a group, equities research analysts anticipate that Mistras Group will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mistras Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC grew its stake in Mistras Group by 18.8% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 394,501 shares of the technology company’s stock valued at $2,150,000 after acquiring an additional 62,555 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Mistras Group by 56.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,817 shares of the technology company’s stock valued at $397,000 after purchasing an additional 26,407 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Mistras Group by 10.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 88,645 shares of the technology company’s stock valued at $483,000 after purchasing an additional 8,506 shares during the last quarter. Verdad Advisers LP lifted its position in Mistras Group by 33.3% during the third quarter. Verdad Advisers LP now owns 100,000 shares of the technology company’s stock worth $545,000 after buying an additional 25,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Mistras Group by 157.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,740 shares of the technology company’s stock valued at $26,000 after buying an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. TheStreet upgraded Mistras Group from a “d+” rating to a “c-” rating in a research note on Tuesday, February 27th. Singular Research restated a “buy” rating on shares of Mistras Group in a research report on Tuesday, May 7th.

View Our Latest Stock Report on Mistras Group

About Mistras Group

(Get Free Report)

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.

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