Mistras Group Reaches New 52-Week High at $25.48 (MG)
Mistras Group (NYSE:MG) hit a new 52-week high during trading on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $25.48 and last traded at $25.39, with a volume of 21,832 shares traded. The stock had previously closed at $24.52.
Separately, analysts at TheStreet downgraded shares of Mistras Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $26.60.
The stock’s 50-day moving average is $23.19 and its 200-day moving average is $22.82. The company has a market cap of $712.1 million and a P/E ratio of 62.55.
Mistras Group (NYSE:MG) last announced its earnings results on Tuesday, April 8th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that Mistras Group will post $0.77 earnings per share for the current fiscal year.
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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