Mistras Group Stock Rating Lowered by Zacks (MG)
Mistras Group (NYSE:MG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday. They currently have a $21.10 price target on the stock. Zacks‘s price target would indicate a potential downside of 4.48% from the stock’s previous close.
Shares of Mistras Group (NYSE:MG) traded down 0.86% on Tuesday, hitting $21.98. 57,026 shares of the company’s stock traded hands. Mistras Group has a 52-week low of $15.99 and a 52-week high of $25.48. The stock has a 50-day moving average of $22.88 and a 200-day moving average of $22.88. The company has a market cap of $625.5 million and a P/E ratio of 28.79.
Mistras Group (NYSE:MG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.06. The company had revenue of $179.10 million for the quarter, compared to the consensus estimate of $166.74 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 23.9% on a year-over-year basis. On average, analysts predict that Mistras Group will post $0.92 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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