Mistras Group (NYSE:MG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mistras Group Inc (NYSE:MG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.86 and traded as high as $16.88. Mistras Group shares last traded at $16.6440, with a volume of 157,263 shares changing hands.

Analyst Ratings Changes

MG has been the topic of a number of research analyst reports. Roth Capital initiated coverage on Mistras Group in a research report on Thursday, April 30th. They set a “buy” rating and a $22.00 price target on the stock. Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.00.

Mistras Group Trading Down 0.9%

The company has a quick ratio of 1.67, a current ratio of 1.81 and a debt-to-equity ratio of 0.80. The firm has a market cap of $529.61 million, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.00 and a beta of 0.88. The business’s fifty day moving average is $17.92 and its two-hundred day moving average is $15.86.

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

Institutional Trading of Mistras Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in Mistras Group by 1.8% during the 1st quarter. Empowered Funds LLC now owns 225,494 shares of the technology company’s stock valued at $3,333,000 after purchasing an additional 4,058 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Mistras Group during the first quarter worth approximately $1,040,000. Sei Investments Co. raised its stake in shares of Mistras Group by 249.4% during the first quarter. Sei Investments Co. now owns 204,840 shares of the technology company’s stock worth $3,028,000 after buying an additional 146,222 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mistras Group by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,703,681 shares of the technology company’s stock valued at $25,180,000 after buying an additional 35,835 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Mistras Group by 12.6% in the first quarter. Bank of New York Mellon Corp now owns 63,129 shares of the technology company’s stock valued at $933,000 after buying an additional 7,055 shares during the period. 74.92% of the stock is owned by institutional investors.

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.