Mistras Group (NYSE:MG) Hits New 1-Year High – Should You Buy?

Mistras Group Inc (NYSE:MG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $15.86 and last traded at $16.07, with a volume of 328 shares trading hands. The stock had previously closed at $15.48.

Wall Street Analysts Forecast Growth

MG has been the topic of a number of recent research reports. Zacks Research upgraded shares of Mistras Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mistras Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $16.00.

Mistras Group Trading Up 3.8%

The company has a market cap of $507.81 million, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 0.91 and a beta of 0.74. The business’s fifty day moving average price is $14.70 and its 200 day moving average price is $12.78. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.74 and a quick ratio of 1.63.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $181.46 million for the quarter, compared to analyst estimates of $176.27 million. Mistras Group had a net margin of 2.33% and a return on equity of 12.77%. Research analysts anticipate that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mistras Group

Hedge funds have recently bought and sold shares of the company. Royce & Associates LP raised its stake in Mistras Group by 5.6% during the third quarter. Royce & Associates LP now owns 1,342,747 shares of the technology company’s stock worth $13,213,000 after buying an additional 71,490 shares during the last quarter. Acuitas Investments LLC raised its stake in Mistras Group by 51.7% during the third quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company’s stock worth $6,332,000 after buying an additional 219,421 shares during the last quarter. GSA Capital Partners LLP bought a new position in Mistras Group during the third quarter worth $846,000. Squarepoint Ops LLC bought a new position in Mistras Group during the second quarter worth $781,000. Finally, Invenomic Capital Management LP bought a new position in Mistras Group during the third quarter worth $4,650,000. Institutional investors 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.