Mistras Group (NYSE:MG) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Mistras Group Inc (NYSE:MG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.36 and traded as high as $14.67. Mistras Group shares last traded at $14.5570, with a volume of 192,397 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a research report on Thursday, January 22nd. Zacks Research cut shares of Mistras Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. UBS Group set a $16.00 price objective on shares of Mistras Group in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded shares of Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.00.

Mistras Group Price Performance

The business’s fifty day moving average price is $13.62 and its 200 day moving average price is $11.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.89 and a quick ratio of 1.77. The stock has a market cap of $459.27 million, a P/E ratio of 25.10, a PEG ratio of 0.92 and a beta of 0.89.

Institutional Investors Weigh In On Mistras Group

Several hedge funds have recently modified their holdings of MG. MetLife Investment Management LLC increased its holdings in Mistras Group by 17.8% in the 4th quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after purchasing an additional 1,065 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Mistras Group by 22.5% during the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,360 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Mistras Group by 2.5% during the fourth quarter. First Trust Advisors LP now owns 56,879 shares of the technology company’s stock worth $720,000 after purchasing an additional 1,396 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Mistras Group by 18.2% in the second quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock valued at $114,000 after buying an additional 2,183 shares during the period. Finally, Torren Management LLC bought a new position in Mistras Group in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 74.92% of the company’s stock.

About Mistras Group

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.