Mistras Group (NYSE:MG) Sets New 12-Month High – Still a Buy?

Mistras Group Inc (NYSE:MG) reached a new 52-week high during trading on Wednesday . The company traded as high as $19.58 and last traded at $19.5990, with a volume of 48227 shares traded. The stock had previously closed at $19.07.

Analysts Set New Price Targets

Several research analysts have issued reports on MG shares. Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research lowered Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Roth Mkm started 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 investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.00.

Mistras Group Price Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.81 and a quick ratio of 1.67. The firm has a market cap of $615.02 million, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87. The stock’s fifty day moving average price is $17.96 and its 200-day moving average price is $15.48.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new stake in Mistras Group in the 1st quarter worth about $256,000. Empowered Funds LLC grew its stake in Mistras Group by 7.3% during the 1st quarter. Empowered Funds LLC now owns 218,088 shares of the technology company’s stock valued at $2,307,000 after acquiring an additional 14,786 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Mistras Group by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 47,498 shares of the technology company’s stock valued at $380,000 after purchasing an additional 9,312 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Mistras Group by 33.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 153,312 shares of the technology company’s stock worth $1,228,000 after purchasing an additional 38,366 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Mistras Group by 141.7% in the second quarter. Qube Research & Technologies Ltd now owns 111,824 shares of the technology company’s stock worth $896,000 after purchasing an additional 65,551 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

Mistras Group Company Profile

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.