Mistras Group (NYSE:MG) Stock Rating Lowered by StockNews.com

Mistras Group (NYSE:MG – Get Rating) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

Mistras Group Stock Performance

MG stock opened at $5.67 on Monday. Mistras Group has a fifty-two week low of $3.38 and a fifty-two week high of $7.02. 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 company has a market capitalization of $169.53 million, a P/E ratio of 28.35 and a beta of 1.49. The company has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $4.89.

Institutional Investors Weigh In On Mistras Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Mistras Group during the fourth quarter valued at about $65,000. Janney Montgomery Scott LLC purchased a new stake in Mistras Group during the second quarter valued at about $107,000. Barclays PLC lifted its stake in Mistras Group by 217.7% during the third quarter. Barclays PLC now owns 22,736 shares of the technology company’s stock valued at $102,000 after buying an additional 15,579 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Mistras Group by 34.7% during the first quarter. Envestnet Asset Management Inc. now owns 27,156 shares of the technology company’s stock valued at $180,000 after buying an additional 6,989 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Mistras Group by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 38,469 shares of the technology company’s stock valued at $254,000 after buying an additional 2,477 shares in the last quarter. 48.42% of the stock is owned by institutional investors and hedge funds.

Mistras Group Company Profile

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MISTRAS Group, Inc engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: Services, International Offers Services, and Products and Systems. The Services segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services.