Mistras Group Inc. (MG) Trading Down 8.1%
Mistras Group Inc. (NYSE:MG)’s share price fell 8.1% during mid-day trading on Thursday . The company traded as low as $23.59 and last traded at $23.71, with a volume of 104,121 shares changing hands. The stock had previously closed at $25.80.
A number of brokerages have issued reports on MG. Robert W. Baird raised shares of Mistras Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $27.00 to $28.00 in a research note on Friday. CIBC raised their price objective on shares of Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday. TD Securities raised their price objective on shares of Mistras Group from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Finally, Zacks Investment Research raised shares of Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, July 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mistras Group has a consensus rating of “Buy” and a consensus price target of $35.56.
The firm has a 50-day moving average price of $24.82 and a 200 day moving average price of $23.97. The stock has a market cap of $721.36 million and a P/E ratio of 30.75.
Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. During the same quarter in the prior year, the company earned $0.20 earnings per share. The company had revenue of $184.20 million for the quarter, compared to analyst estimates of $177.59 million. Mistras Group’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Mistras Group Inc. will post $1.03 EPS for the current year.
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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