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

Mistras Group Inc (NYSE:MG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.62 and traded as high as $12.87. Mistras Group shares last traded at $12.74, with a volume of 670,028 shares.

Analyst Ratings Changes

Several research firms recently weighed in on MG. UBS Group set a $16.00 price target on shares of Mistras Group in a research report on Thursday, November 20th. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

Mistras Group Stock Performance

The company has a market cap of $401.95 million, a PE ratio of 21.97, a PEG ratio of 0.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.89 and a quick ratio of 1.77. The business has a 50-day moving average of $11.30 and a 200 day moving average of $9.62.

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

Institutional Trading of Mistras Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its holdings in Mistras Group by 4.5% in the 1st quarter. Deutsche Bank AG now owns 167,988 shares of the technology company’s stock worth $1,777,000 after acquiring an additional 7,233 shares in the last quarter. Invesco Ltd. boosted its position in shares of Mistras Group by 521.1% in the first quarter. Invesco Ltd. now owns 289,838 shares of the technology company’s stock worth $3,066,000 after purchasing an additional 243,175 shares during the period. Nuveen LLC bought a new position in shares of Mistras Group in the first quarter worth approximately $836,000. American Century Companies Inc. increased its stake in shares of Mistras Group by 18.0% in the first quarter. American Century Companies Inc. now owns 38,186 shares of the technology company’s stock worth $404,000 after purchasing an additional 5,812 shares in the last quarter. Finally, EntryPoint Capital LLC raised its position in shares of Mistras Group by 35.9% during the 1st quarter. EntryPoint Capital LLC now owns 15,305 shares of the technology company’s stock valued at $162,000 after purchasing an additional 4,041 shares during the period. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Company Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.