Mistras Group (NYSE:MG) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Mistras Group Inc (NYSE:MG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.10 and traded as high as $18.70. Mistras Group shares last traded at $18.6170, with a volume of 95,384 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MG. Roth Mkm began coverage on Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Research downgraded 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 research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.00.

Mistras Group Stock Up 2.5%

The firm has a market cap of $592.39 million, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.08 and a beta of 0.87. 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 stock has a 50-day moving average of $17.52 and a 200-day moving average of $15.10.

Mistras Group (NYSE:MG) last released 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 analyst estimates of $164.25 million. As a group, sell-side analysts forecast that Mistras Group Inc will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Torren Management LLC acquired a new position in Mistras Group during the 4th quarter worth $28,000. Jones Financial Companies Lllp acquired a new position in Mistras Group during the 3rd quarter worth $33,000. Kemnay Advisory Services Inc. acquired a new position in Mistras Group during the 4th quarter worth $74,000. MetLife Investment Management LLC boosted its position in Mistras Group by 17.8% during the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,065 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Mistras Group by 22.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares during the period. Institutional investors and hedge funds 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.