Mistras Group (NYSE:MG) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Mistras Group (NYSE:MGGet Rating) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Several other analysts have also recently commented on MG. Zacks Investment Research cut Mistras Group from a hold rating to a sell rating in a report on Tuesday, March 22nd. Bank of America raised Mistras Group from an underperform rating to a neutral rating in a report on Thursday, March 17th.

Shares of MG stock opened at $5.39 on Monday. The business’s 50 day moving average is $6.23 and its two-hundred day moving average is $7.24. Mistras Group has a twelve month low of $5.34 and a twelve month high of $11.78. The company has a market capitalization of $159.25 million, a P/E ratio of 41.46 and a beta of 1.90. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96.

Mistras Group (NYSE:MGGet Rating) last announced its earnings results on Tuesday, May 3rd. The technology company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.08). Mistras Group had a net margin of 0.56% and a return on equity of 2.69%. During the same period in the previous year, the company earned ($0.14) earnings per share. As a group, equities analysts predict that Mistras Group will post 0.55 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royce & Associates LP raised its holdings in Mistras Group by 25.0% during the first quarter. Royce & Associates LP now owns 929,572 shares of the technology company’s stock worth $6,144,000 after purchasing an additional 186,200 shares during the last quarter. Truist Financial Corp raised its holdings in Mistras Group by 135.8% during the first quarter. Truist Financial Corp now owns 286,509 shares of the technology company’s stock worth $1,894,000 after purchasing an additional 164,999 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Mistras Group by 71.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 356,096 shares of the technology company’s stock worth $2,646,000 after purchasing an additional 148,788 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Mistras Group by 283.0% during the first quarter. Russell Investments Group Ltd. now owns 156,772 shares of the technology company’s stock worth $1,035,000 after purchasing an additional 115,841 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Mistras Group by 84.9% during the first quarter. Assenagon Asset Management S.A. now owns 221,593 shares of the technology company’s stock worth $1,465,000 after purchasing an additional 101,719 shares during the last quarter. 50.83% of the stock is owned by institutional investors and hedge funds.

Mistras Group Company Profile (Get Rating)

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers non-destructive testing services; predictive maintenance assessments of fixed and rotating assets; inline inspection for pipelines; and develops enterprise inspection database management software and plant condition management software.

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