Insider Selling: Michael J. Lange Sells 52,643 Shares of Mistras Group Stock (MG)
Mistras Group (NYSE:MG) EVP Michael J. Lange unloaded 52,643 shares of the stock on the open market in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $23.81, for a total value of $1,253,429.83. Following the sale, the executive vice president now directly owns 257,089 shares of the company’s stock, valued at approximately $6,121,289. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mistras Group (NYSE:MG) traded up 1.01% on Wednesday, hitting $24.02. The stock had a trading volume of 156,975 shares. Mistras Group has a 52-week low of $15.99 and a 52-week high of $25.23. The stock has a 50-day moving average of $22.73 and a 200-day moving average of $21.4. The company has a market cap of $683.1 million and a price-to-earnings ratio of 60.66.
Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, April 8th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.07. The company had revenue of $151.70 million for the quarter, compared to the consensus estimate of $142.66 million. During the same quarter last year, the company posted $0.07 earnings per share. Mistras Group’s revenue was up 13.5% compared to the same quarter last year. Analysts expect that Mistras Group will post $0.77 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Mistras Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Separately, analysts at Zacks downgraded shares of Mistras Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $27.20 price target on the stock. Finally, analysts at Davidson cut their price target on shares of Mistras Group from $28.00 to $26.00 in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Mistras Group currently has a consensus rating of “Buy” and a consensus target price of $24.07.
Mistras Group, Inc offers its customers one source for asset protection solutions and is a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure.
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