Mistras Group (NYSE:MG) Upgraded to Buy at Wall Street Zen

Mistras Group (NYSE:MG) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

Mistras Group Trading Down 0.6%

Shares of Mistras Group stock opened at $9.73 on Friday. The stock has a market capitalization of $306.95 million, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The company has a 50-day simple moving average of $8.62 and a 200 day simple moving average of $8.82. Mistras Group has a 12-month low of $7.06 and a 12-month high of $12.44.

Mistras Group (NYSE:MG) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $185.41 million during the quarter, compared to analysts’ expectations of $186.43 million. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. Research analysts expect that Mistras Group will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mistras Group

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC increased its position in shares of Mistras Group by 41.9% during the 4th quarter. Millennium Management LLC now owns 99,763 shares of the technology company’s stock worth $904,000 after purchasing an additional 29,454 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Mistras Group in the 4th quarter valued at about $274,000. Voya Investment Management LLC acquired a new stake in Mistras Group in the 4th quarter valued at about $124,000. Deutsche Bank AG increased its position in Mistras Group by 3.0% in the 4th quarter. Deutsche Bank AG now owns 160,755 shares of the technology company’s stock valued at $1,456,000 after acquiring an additional 4,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Mistras Group by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,339 shares of the technology company’s stock valued at $13,240,000 after acquiring an additional 102,665 shares in the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

About Mistras Group

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.