Mistras Group (NYSE:MG) Shares Pass Above 200 Day Moving Average – What’s Next?

Mistras Group Inc (NYSE:MG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.52 and traded as high as $14.43. Mistras Group shares last traded at $14.1890, with a volume of 211,297 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a report on Wednesday, October 8th. UBS Group set a $16.00 price target on shares of Mistras Group in a research report on Thursday, November 20th. Zacks Research raised shares of Mistras Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mistras Group has a consensus rating of “Buy” and a consensus target price of $16.00.

Mistras Group Trading Down 1.9%

The firm’s fifty day simple moving average is $12.70 and its 200 day simple moving average is $10.52. The stock has a market capitalization of $447.66 million, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.77 and a current ratio of 1.89.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.20. The company had revenue of $195.55 million during the quarter, compared to the consensus estimate 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 research analysts forecast that Mistras Group Inc will post 0.71 EPS for the current fiscal year.

Institutional Trading of Mistras Group

Several institutional investors and hedge funds have recently modified their holdings of MG. Dimensional Fund Advisors LP boosted its stake in Mistras Group by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,633,327 shares of the technology company’s stock valued at $16,072,000 after buying an additional 10,186 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Mistras Group by 5.6% in the 3rd quarter. Royce & Associates LP now owns 1,342,747 shares of the technology company’s stock valued at $13,213,000 after purchasing an additional 71,490 shares in the last quarter. Acuitas Investments LLC grew its holdings in shares of Mistras Group by 51.7% during the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company’s stock valued at $6,332,000 after purchasing an additional 219,421 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of Mistras Group during the 3rd quarter valued at approximately $4,650,000. Finally, Bridgeway Capital Management LLC increased its position in Mistras Group by 2.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 418,737 shares of the technology company’s stock worth $3,354,000 after purchasing an additional 11,599 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

About Mistras Group

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.