Mistras Group (NYSE:MG) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Mistras Group (NYSE:MGGet Rating) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

Separately, TheStreet cut shares of Mistras Group from a c- rating to a d rating in a report on Thursday, November 3rd.

Mistras Group Trading Up 2.1 %

NYSE:MG opened at $4.28 on Tuesday. The company’s 50 day moving average price is $4.69 and its 200-day moving average price is $5.49. Mistras Group has a 52 week low of $3.38 and a 52 week high of $9.27. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.09. The stock has a market cap of $127.95 million, a price-to-earnings ratio of 38.91 and a beta of 1.68.

Institutional Investors Weigh In On Mistras Group

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in shares of Mistras Group by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 28,869 shares of the technology company’s stock valued at $171,000 after buying an additional 1,713 shares during the last quarter. Red Cedar Capital LLC grew its position in shares of Mistras Group by 0.6% during the 2nd quarter. Red Cedar Capital LLC now owns 392,004 shares of the technology company’s stock valued at $2,329,000 after acquiring an additional 2,180 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Mistras Group by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 38,469 shares of the technology company’s stock valued at $254,000 after acquiring an additional 2,477 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in Mistras Group by 0.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 358,732 shares of the technology company’s stock valued at $2,371,000 after buying an additional 2,636 shares in the last quarter. Finally, Values First Advisors Inc. lifted its stake in Mistras Group by 8.4% in the 1st quarter. Values First Advisors Inc. now owns 37,642 shares of the technology company’s stock valued at $249,000 after buying an additional 2,902 shares in the last quarter. 52.36% of the stock is owned by institutional investors.

About Mistras Group

(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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