Mistras Group (NYSE:MG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Mistras Group, Inc. (NYSE:MG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.74 and traded as high as $11.18. Mistras Group shares last traded at $10.84, with a volume of 92,848 shares changing hands.

Mistras Group Stock Performance

The company has a current ratio of 1.69, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average is $11.30 and its two-hundred day moving average is $9.75. The firm has a market cap of $332.73 million, a P/E ratio of -56.53, a PEG ratio of 0.89 and a beta of 1.72.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. The company had revenue of $189.77 million during the quarter, compared to analyst estimates of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. As a group, equities analysts predict that Mistras Group, Inc. will post 0.79 EPS for the current fiscal year.

Insider Activity at Mistras Group

In other Mistras Group news, EVP Michael J. Lange sold 24,706 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.02, for a total transaction of $272,260.12. Following the completion of the sale, the executive vice president now owns 278,003 shares of the company’s stock, valued at $3,063,593.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mistras Group news, EVP Michael J. Lange sold 24,706 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.02, for a total value of $272,260.12. Following the completion of the transaction, the executive vice president now owns 278,003 shares in the company, valued at approximately $3,063,593.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael J. Lange sold 6,111 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total value of $68,259.87. Following the transaction, the executive vice president now directly owns 240,515 shares of the company’s stock, valued at approximately $2,686,552.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,644 shares of company stock valued at $478,923 over the last three months. 12.30% of the stock is owned by corporate insiders.

Institutional Trading of Mistras Group

A number of large investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Mistras Group in the second quarter worth about $600,000. Empowered Funds LLC increased its stake in Mistras Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock worth $1,631,000 after buying an additional 12,884 shares during the period. Inspire Investing LLC bought a new stake in shares of Mistras Group during the third quarter valued at approximately $907,000. Dimensional Fund Advisors LP raised its position in Mistras Group by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock valued at $10,874,000 after purchasing an additional 44,550 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Mistras Group by 5.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 82,663 shares of the technology company’s stock worth $790,000 after acquiring an additional 4,517 shares during the period. 74.92% of the stock is currently owned by institutional investors.

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.