Mistras Group Inc. (NYSE:MG)’s share price rose 3.5% during mid-day trading on Thursday . The company traded as high as $24.87 and last traded at $24.80, with a volume of 290,693 shares. The stock had previously closed at $23.95.

Several equities research analysts recently weighed in on MG shares. KeyCorp cut Mistras Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, April 7th. TD Securities increased their target price on Mistras Group from $46.00 to $49.00 and gave the company a “buy” rating in a report on Friday, April 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Mistras Group has an average rating of “Hold” and a consensus target price of $31.93.

The firm has a 50 day moving average of $24.49 and a 200-day moving average of $23.15. The firm has a market capitalization of $726.86 million and a price-to-earnings ratio of 30.99.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Wednesday, April 6th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. The business had revenue of $160.40 million for the quarter. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. On average, equities analysts forecast that Mistras Group Inc. will post $0.93 earnings per share for the current year.

An institutional investor recently bought a new position in Mistras Group stock. Oxford Asset Management bought a new stake in Mistras Group Inc. (NYSE:MG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 129,531 shares of the company’s stock, valued at approximately $2,489,000. Oxford Asset Management owned 0.45% of Mistras Group as of its most recent SEC filing.

Mistras Group, Inc is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services, Products and Systems, and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection, and engineering services that are used to evaluate the structural integrity and reliability of energy, industrial and public infrastructure.

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