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

MG has been the subject of a number of research reports. KeyCorp lowered shares of Mistras Group from an “overweight” rating to a “sector weight” rating in a research report on Thursday, April 7th. TD Securities upped their target price on shares of Mistras Group from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.93.

The stock has a market cap of $709.80 million and a price-to-earnings ratio of 30.26. The firm’s 50 day moving average is $24.42 and its 200 day moving average is $23.09.

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

An institutional investor recently raised its position in Mistras Group stock. Dimensional Fund Advisors LP increased its position in shares of Mistras Group Inc. (NYSE:MG) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 779,195 shares of the company’s stock after buying an additional 43,647 shares during the period. Dimensional Fund Advisors LP owned approximately 2.70% of Mistras Group worth $14,875,000 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.