Mistras Group (NYSE:MG) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Mistras Group Inc (NYSE:MG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.00 and traded as high as $16.70. Mistras Group shares last traded at $16.0260, with a volume of 205,697 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Roth Capital began coverage on shares of Mistras Group in a research report on Thursday, April 30th. They issued a “buy” rating and a $22.00 target price for the company. Zacks Research lowered shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a report on Tuesday, April 21st. Finally, Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.00.

Mistras Group Price Performance

The company has a current ratio of 1.81, a quick ratio of 1.67 and a debt-to-equity ratio of 0.80. The company has a market cap of $509.95 million, a PE ratio of 22.89, a P/E/G ratio of 0.98 and a beta of 0.88. The firm has a 50 day moving average of $17.62 and a two-hundred day moving average of $16.00.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter. Mistras Group had a return on equity of 13.60% and a net margin of 3.06%.The business had revenue of $169.03 million during the quarter, compared to analysts’ expectations of $164.25 million. Research analysts predict that Mistras Group Inc will post 1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mistras Group

A number of hedge funds have recently bought and sold shares of the company. Torren Management LLC bought a new stake in Mistras Group during the 4th quarter valued at about $28,000. BNP Paribas Financial Markets lifted its stake in shares of Mistras Group by 22.5% in the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after buying an additional 1,360 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Mistras Group in the fourth quarter worth approximately $74,000. MetLife Investment Management LLC grew its holdings in shares of Mistras Group by 17.8% during the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after buying an additional 1,065 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Mistras Group by 18.2% during the second quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock valued at $114,000 after buying an additional 2,183 shares during the last quarter. Institutional investors own 74.92% of the company’s stock.

Mistras Group Company Profile

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.