Mistras Group (NYSE:MG) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Mistras Group Inc (NYSE:MG) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.54 and traded as high as $14.87. Mistras Group shares last traded at $14.60, with a volume of 104,602 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MG shares. Zacks Research raised Mistras Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $16.00.

Mistras Group Price Performance

The company has a market capitalization of $461.36 million, a P/E ratio of 27.55, a PEG ratio of 0.87 and a beta of 0.86. The stock’s fifty day simple moving average is $14.58 and its 200-day simple moving average is $12.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.74 and a quick ratio of 1.63.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%.The business had revenue of $181.46 million for the quarter, compared to analyst estimates of $176.27 million. On average, equities analysts forecast that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mistras Group

Hedge funds have recently modified their holdings of the business. Torren Management LLC acquired a new stake in shares of Mistras Group in the fourth quarter worth $28,000. Jones Financial Companies Lllp acquired a new position in Mistras Group during the 3rd quarter valued at $33,000. BNP Paribas Financial Markets raised its stake in Mistras Group by 22.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,360 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Mistras Group in the 4th quarter valued at $74,000. Finally, MetLife Investment Management LLC boosted its holdings in Mistras Group by 17.8% in the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,065 shares during the period. 74.92% of the stock is 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.