Share on StockTwits

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.

To view Zacks’ full report, visit Zacks’ official website.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.