Mistras Group (NYSE:MG) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Mistras Group Inc (NYSE:MG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.54 and traded as high as $14.87. Mistras Group shares last traded at $14.60, with a volume of 104,602 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. Zacks Research upgraded Mistras Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $16.00.

Mistras Group Stock Performance

The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $14.58 and a 200 day moving average of $12.54. The stock has a market capitalization of $461.36 million, a P/E ratio of 27.55, a PEG ratio of 0.87 and a beta of 0.86.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Mistras Group had a net margin of 2.33% and a return on equity of 12.77%. The firm had revenue of $181.46 million for the quarter, compared to analyst estimates of $176.27 million. Research analysts anticipate that Mistras Group Inc will post 0.71 EPS for the current fiscal year.

Institutional Trading of Mistras Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Verdad Advisers LP acquired a new position in Mistras Group in the fourth quarter worth about $632,000. Inspire Investing LLC bought a new stake in shares of Mistras Group in the 4th quarter worth about $1,286,000. Invenomic Capital Management LP increased its position in shares of Mistras Group by 0.7% during the 4th quarter. Invenomic Capital Management LP now owns 475,692 shares of the technology company’s stock worth $6,018,000 after purchasing an additional 3,156 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Mistras Group during the 4th quarter worth about $205,000. Finally, AQR Capital Management LLC lifted its holdings in Mistras Group by 16.6% during the 4th quarter. AQR Capital Management LLC now owns 18,600 shares of the technology company’s stock valued at $235,000 after purchasing an additional 2,654 shares during the last quarter. Institutional investors own 74.92% of the company’s stock.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.