Mistras Group (NYSE:MG) Stock Crosses Above Two Hundred Day Moving Average of $7.45

Mistras Group, Inc. (NYSE:MG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.45 and traded as high as $9.15. Mistras Group shares last traded at $8.92, with a volume of 67,129 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Mistras Group from a “d+” rating to a “c-” rating in a research note on Tuesday, February 27th.

Mistras Group Stock Performance

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.42 and a current ratio of 1.55. The company has a market capitalization of $278.21 million, a P/E ratio of -15.65 and a beta of 1.65. The business’s fifty day simple moving average is $8.98 and its 200-day simple moving average is $7.48.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $182.07 million for the quarter. Mistras Group had a negative net margin of 2.48% and a positive return on equity of 3.32%.

Insider Buying and Selling at Mistras Group

In other news, EVP Michael J. Lange sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total value of $42,650.00. Following the sale, the executive vice president now directly owns 341,838 shares in the company, valued at approximately $2,915,878.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.30% of the stock is currently owned by insiders.

Institutional Trading of Mistras Group

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Mistras Group by 199.8% during the 2nd quarter. BlackRock Inc. now owns 1,388,440 shares of the technology company’s stock valued at $10,719,000 after purchasing an additional 925,318 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mistras Group by 138.9% during the 2nd quarter. Geode Capital Management LLC now owns 385,576 shares of the technology company’s stock valued at $2,977,000 after purchasing an additional 224,155 shares during the last quarter. State Street Corp grew its holdings in Mistras Group by 343.7% during the 2nd quarter. State Street Corp now owns 254,166 shares of the technology company’s stock valued at $1,962,000 after purchasing an additional 196,886 shares during the last quarter. Millennium Management LLC grew its holdings in Mistras Group by 270.7% during the 2nd quarter. Millennium Management LLC now owns 220,169 shares of the technology company’s stock valued at $1,308,000 after purchasing an additional 160,784 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Mistras Group by 339.6% during the 2nd quarter. Northern Trust Corp now owns 165,649 shares of the technology company’s stock valued at $1,279,000 after purchasing an additional 127,966 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.