Mistras Group (NYSE:MG) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Mistras Group Inc (NYSE:MG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.40 and traded as high as $12.59. Mistras Group shares last traded at $12.3850, with a volume of 181,093 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on MG. Wall Street Zen raised shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. UBS Group set a $16.00 target price on shares of Mistras Group in a research report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

Mistras Group Price Performance

The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average price is $10.95 and its 200 day moving average price is $9.40. The stock has a market cap of $390.75 million, a PE ratio of 21.35, a P/E/G ratio of 0.93 and a beta of 1.01.

Mistras Group (NYSE:MG) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.20. The company had revenue of $195.55 million during the quarter, compared to analysts’ expectations of $189.94 million. Mistras Group had a net margin of 2.55% and a return on equity of 13.10%. As a group, equities analysts expect that Mistras Group Inc will post 0.71 EPS for the current fiscal year.

Insider Activity

In other news, EVP Eileen Mary Coggins bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were bought at an average cost of $9.55 per share, for a total transaction of $143,250.00. Following the completion of the transaction, the executive vice president owned 15,000 shares of the company’s stock, valued at approximately $143,250. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Mistras Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp purchased a new stake in Mistras Group during the 3rd quarter valued at $33,000. Banque Transatlantique SA bought a new position in Mistras Group during the first quarter valued at $47,000. State of Wyoming purchased a new stake in shares of Mistras Group in the first quarter valued at $66,000. BNP Paribas Financial Markets raised its stake in shares of Mistras Group by 22.5% in the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after acquiring an additional 1,360 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Mistras Group in the 2nd quarter worth about $81,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

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.