Shares of Mistras Group Inc (NYSE:MG) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $23.00.
MG has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Zacks Investment Research upgraded shares of Mistras Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th.
In related news, insider Sotirios J. Vahaviolos sold 321,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $21.92, for a total transaction of $7,036,320.00. Following the completion of the sale, the insider now owns 10,244,313 shares of the company’s stock, valued at approximately $224,555,340.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. 43.50% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its position in Mistras Group by 3.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,007 shares of the technology company’s stock worth $1,587,000 after purchasing an additional 2,562 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Mistras Group by 46.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 12,058 shares of the technology company’s stock worth $228,000 after purchasing an additional 3,824 shares during the last quarter. Atria Investments LLC grew its position in Mistras Group by 37.2% in the 3rd quarter. Atria Investments LLC now owns 14,221 shares of the technology company’s stock worth $308,000 after purchasing an additional 3,858 shares during the last quarter. Ramsey Quantitative Systems bought a new position in Mistras Group in the 3rd quarter worth about $158,000. Finally, Barclays PLC grew its position in Mistras Group by 355.3% in the 1st quarter. Barclays PLC now owns 12,488 shares of the technology company’s stock worth $236,000 after purchasing an additional 9,745 shares during the last quarter. 59.06% of the stock is owned by institutional investors and hedge funds.
Shares of Mistras Group stock opened at $19.57 on Friday. The stock has a market capitalization of $573.76 million, a PE ratio of 45.51, a P/E/G ratio of 0.78 and a beta of 1.36. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.57. Mistras Group has a 1 year low of $17.78 and a 1 year high of $23.83.
Mistras Group (NYSE:MG) last issued its earnings results on Monday, August 6th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $191.79 million for the quarter, compared to analyst estimates of $175.40 million. Mistras Group had a net margin of 0.38% and a return on equity of 6.34%. Sell-side analysts forecast that Mistras Group will post 0.78 earnings per share for the current year.
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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