Mistras Group (NYSE:MG) Shares Cross Above 200 Day Moving Average – What’s Next?

Mistras Group Inc (NYSE:MG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.57 and traded as high as $17.40. Mistras Group shares last traded at $17.2810, with a volume of 122,560 shares changing hands.

Analyst Upgrades and Downgrades

MG has been the topic of several recent research reports. Roth Mkm initiated coverage on shares of Mistras Group in a research report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price objective on the stock. Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research downgraded shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.00.

Mistras Group Price Performance

The company has a market capitalization of $549.88 million, a P/E ratio of 24.69, a P/E/G ratio of 1.03 and a beta of 0.92. The business’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $14.57. The company has a current ratio of 1.81, a quick ratio of 1.67 and a debt-to-equity ratio of 0.80.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter. Mistras Group had a net margin of 3.06% and a return on equity of 13.60%. The company had revenue of $169.03 million for the quarter, compared to the consensus estimate of $164.25 million. As a group, sell-side analysts anticipate that Mistras Group Inc will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Mistras Group

Several hedge funds have recently made changes to their positions in MG. Torren Management LLC acquired a new position in shares of Mistras Group in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp purchased a new position in shares of Mistras Group in the third quarter worth approximately $33,000. BNP Paribas Financial Markets increased its position in shares of Mistras Group by 22.5% in the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Mistras Group in the fourth quarter worth approximately $74,000. Finally, MetLife Investment Management LLC increased its position in shares of Mistras Group by 17.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,065 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

Mistras Group Company Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.