Mistras Group (NYSE:MG) Rating Lowered to “Buy” at StockNews.com

StockNews.com downgraded shares of Mistras Group (NYSE:MG) from a strong-buy rating to a buy rating in a report released on Tuesday.

Mistras Group Trading Up 0.5 %

Shares of MG opened at $10.08 on Tuesday. The firm’s fifty day moving average is $9.34 and its two-hundred day moving average is $10.12. The stock has a market cap of $312.52 million, a PE ratio of 28.79, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. Mistras Group has a 52-week low of $7.45 and a 52-week high of $12.44.

Institutional Investors Weigh In On Mistras Group

Large investors have recently made changes to their positions in the stock. Barclays PLC increased its position in Mistras Group by 118.5% during the third quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock worth $430,000 after purchasing an additional 20,482 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mistras Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after buying an additional 4,014 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Mistras Group by 554.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock worth $711,000 after buying an additional 52,960 shares during the last quarter. State Street Corp raised its position in shares of Mistras Group by 4.8% during the 3rd quarter. State Street Corp now owns 317,579 shares of the technology company’s stock valued at $3,611,000 after buying an additional 14,651 shares during the period. Finally, Inspire Investing LLC acquired a new position in Mistras Group in the third quarter valued at approximately $907,000. 74.92% of the stock is currently owned by hedge funds and other 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.