Mistras Group (NYSE:MG) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Mistras Group Inc (NYSE:MG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.35 and traded as high as $18.87. Mistras Group shares last traded at $18.4230, with a volume of 450,853 shares trading hands.

Wall Street Analyst Weigh In

MG has been the topic of a number of recent analyst reports. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Mistras Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Roth Mkm initiated coverage on Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.00.

Mistras Group Trading Down 0.2%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 1.81. The company’s 50 day moving average is $17.88 and its 200 day moving average is $15.35. The stock has a market capitalization of $586.22 million, a price-to-earnings ratio of 26.32, a PEG ratio of 1.10 and a beta of 0.87.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. The company had revenue of $169.03 million for the quarter, compared to analyst estimates of $164.25 million. On average, research analysts forecast that Mistras Group Inc will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Mistras Group

A number of institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Management LLC increased its stake in Mistras Group by 17.8% during the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after acquiring an additional 1,065 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Mistras Group by 22.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares during the period. First Trust Advisors LP grew its holdings in shares of Mistras Group by 2.5% during the 4th quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock worth $720,000 after purchasing an additional 1,396 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Mistras Group by 18.2% during the 2nd quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock worth $114,000 after purchasing an additional 2,183 shares in the last quarter. Finally, Torren Management LLC bought a new stake in shares of Mistras Group during the fourth quarter valued at approximately $28,000. 74.92% of the stock is owned by institutional investors and hedge funds.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.