Mistras Group Inc (NYSE:MG) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BMO Capital Markets reissued a “market perform” rating and issued a $47.00 price target on shares of Mistras Group in a research report on Friday, May 12th. Canaccord Genuity dropped their price target on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, August 10th. Finally, Robert W. Baird dropped their price target on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $34.40.

Shares of Mistras Group (NYSE:MG) opened at 17.35 on Friday. The company has a 50-day moving average price of $20.68 and a 200 day moving average price of $21.51. Mistras Group has a one year low of $17.27 and a one year high of $26.46. The company has a market capitalization of $490.14 million, a price-to-earnings ratio of 36.91 and a beta of 1.15.

Mistras Group (NYSE:MG) last released its earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. Mistras Group had a net margin of 2.69% and a return on equity of 7.04%. The company had revenue of $170.44 million during the quarter, compared to the consensus estimate of $170.16 million. On average, analysts forecast that Mistras Group will post $0.50 EPS for the current fiscal year.

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In other news, Chairman Sotirios J. Vahaviolos sold 94,206 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $21.23, for a total transaction of $1,999,993.38. Following the completion of the sale, the chairman now owns 10,746,509 shares of the company’s stock, valued at $228,148,386.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael C. Keefe sold 4,462 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total transaction of $80,539.10. Following the sale, the executive vice president now directly owns 47,223 shares of the company’s stock, valued at approximately $852,375.15. The disclosure for this sale can be found here. Insiders sold 284,035 shares of company stock valued at $6,003,452 in the last three months. Company insiders own 44.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of MG. The Manufacturers Life Insurance Company raised its stake in Mistras Group by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,714 shares of the technology company’s stock valued at $323,000 after buying an additional 487 shares during the last quarter. Broad Run Investment Management LLC raised its stake in Mistras Group by 1.7% in the second quarter. Broad Run Investment Management LLC now owns 1,577,235 shares of the technology company’s stock valued at $34,652,000 after buying an additional 26,989 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Mistras Group during the second quarter valued at $199,000. State Street Corp raised its stake in Mistras Group by 8.7% in the second quarter. State Street Corp now owns 336,177 shares of the technology company’s stock valued at $7,391,000 after buying an additional 26,796 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Mistras Group by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,035 shares of the technology company’s stock valued at $24,409,000 after buying an additional 69,211 shares during the last quarter. 57.16% of the stock is owned by institutional investors.

Mistras Group Company Profile

Analyst Recommendations for Mistras Group (NYSE:MG)

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