Mistras Group’s (MG) Buy Rating Reaffirmed at Singular Research

Mistras Group (NYSE:MG)‘s stock had its “buy” rating reissued by analysts at Singular Research in a report released on Tuesday, Zacks.com reports. Singular Research also issued estimates for Mistras Group’s Q2 2024 earnings at $0.15 EPS, Q3 2024 earnings at $0.27 EPS, Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $0.87 EPS.

Separately, TheStreet raised Mistras Group from a “d+” rating to a “c-” rating in a report on Tuesday, February 27th.

Mistras Group Trading Up 2.9 %

Mistras Group stock opened at $9.33 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.42 and a current ratio of 1.55. Mistras Group has a 1 year low of $4.96 and a 1 year high of $9.85. The firm’s 50-day moving average is $9.13 and its 200-day moving average is $7.85. The company has a market cap of $285.88 million, a P/E ratio of -24.55 and a beta of 1.66.

Mistras Group (NYSE:MG) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.07 earnings per share (EPS) for the quarter. Mistras Group had a negative net margin of 1.59% and a positive return on equity of 6.24%. The firm had revenue of $184.44 million for the quarter.

Insider Activity

In other Mistras Group news, EVP Michael J. Lange sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total value of $42,650.00. Following the completion of the transaction, the executive vice president now owns 341,838 shares in the company, valued at approximately $2,915,878.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Mistras Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mill Road Capital Management LLC grew its position in Mistras Group by 0.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock valued at $11,089,000 after buying an additional 9,779 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Mistras Group by 18.8% in the third quarter. Pacific Ridge Capital Partners LLC now owns 394,501 shares of the technology company’s stock valued at $2,150,000 after acquiring an additional 62,555 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Mistras Group by 25.1% during the third quarter. Foundry Partners LLC now owns 389,491 shares of the technology company’s stock valued at $2,123,000 after acquiring an additional 78,100 shares during the period. Acuitas Investments LLC raised its holdings in Mistras Group by 15.1% during the fourth quarter. Acuitas Investments LLC now owns 292,264 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 38,264 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Mistras Group by 8.2% in the first quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock worth $1,631,000 after purchasing an additional 12,884 shares during the period. 74.92% of the stock is currently owned by institutional investors and hedge funds.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.