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Mistras Group (NYSE:MG) Director Richard H. Glanton unloaded 1,701 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $20.98, for a total transaction of $35,686.98. Following the transaction, the director now directly owns 5,944 shares of the company’s stock, valued at approximately $124,705. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mistras Group (NYSE:MG) traded down 2.37% on Wednesday, hitting $20.98. The stock had a trading volume of 157,603 shares. Mistras Group has a 1-year low of $15.99 and a 1-year high of $25.48. The stock has a 50-day moving average of $22.4 and a 200-day moving average of $22.8. The company has a market cap of $597.0 million and a price-to-earnings ratio of 27.91.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.16 earnings per share. Mistras Group’s revenue was up 23.9% compared to the same quarter last year. Analysts expect that Mistras Group will post $0.92 EPS for the current fiscal year.

Separately, analysts at Zacks downgraded shares of Mistras Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 12th. They now have a $21.10 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Mistras Group currently has an average rating of “Hold” and an average price target of $25.03.

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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