Mistras Group Inc. (NYSE:MG)’s share price traded down 1.7% during mid-day trading on Monday . The stock traded as low as $24.89 and last traded at $24.92, with a volume of 145,380 shares changing hands. The stock had previously closed at $25.34.

Several equities analysts have issued reports on the company. TD Securities dropped their price target on Mistras Group from $51.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. KeyCorp lowered Mistras Group from an “overweight” rating to a “sector weight” rating in a research note on Thursday, April 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.21.

The company has a market capitalization of $720.79 million and a price-to-earnings ratio of 30.73. The stock has a 50 day moving average of $24.59 and a 200 day moving average of $23.44.

A hedge fund recently raised its stake in Mistras Group stock. Dimensional Fund Advisors LP increased its stake in Mistras Group Inc. (NYSE:MG) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,195 shares of the company’s stock after buying an additional 43,647 shares during the period. Dimensional Fund Advisors LP owned 2.70% of Mistras Group worth $14,875,000 as of its most recent filing with the SEC.

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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