Mistras Group Inc. (NYSE:MG)’s share price traded down 8.1% during mid-day trading on Thursday . The stock 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.

Several equities analysts have issued reports on the company. CIBC boosted their price target on Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday. TD Securities boosted their price target on Mistras Group from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, April 29th. Finally, Zacks Investment Research raised Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $36.64.

The stock has a 50 day moving average of $24.87 and a 200 day moving average of $23.98. The company has a market capitalization of $659.76 million and a price-to-earnings ratio of 28.13.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business earned $184.20 million during the quarter, compared to analysts’ expectations of $177.59 million. During the same period last year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts forecast that Mistras Group Inc. will post $1.02 EPS for the current fiscal 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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