Mistras Group (NYSE:MG) Rating Lowered to Hold at StockNews.com

Mistras Group (NYSE:MG) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

Mistras Group Trading Down 1.6%

Shares of NYSE MG opened at $7.94 on Friday. The firm has a 50 day moving average price of $9.43 and a two-hundred day moving average price of $9.42. The stock has a market cap of $248.76 million, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.42. Mistras Group has a 52-week low of $7.06 and a 52-week high of $12.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68.

Mistras Group (NYSE:MG) last announced its earnings results on Wednesday, May 7th. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.17). The company had revenue of $161.62 million for the quarter, compared to analyst estimates of $180.70 million. Mistras Group had a return on equity of 9.32% and a net margin of 1.52%. As a group, equities analysts forecast that Mistras Group will post 0.71 EPS for the current year.

Insider Activity

In other Mistras Group news, Director Nicholas Debenedictis bought 10,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was acquired at an average cost of $9.84 per share, for a total transaction of $98,400.00. Following the completion of the acquisition, the director now owns 217,511 shares in the company, valued at $2,140,308.24. This trade represents a 4.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Mistras Group

Institutional investors and hedge funds have recently modified their holdings of the business. Banque Transatlantique SA acquired a new position in shares of Mistras Group during the 1st quarter valued at $47,000. CWM LLC raised its holdings in shares of Mistras Group by 194.3% during the first quarter. CWM LLC now owns 4,553 shares of the technology company’s stock valued at $48,000 after purchasing an additional 3,006 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Mistras Group by 447.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company’s stock worth $49,000 after purchasing an additional 4,396 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Mistras Group in the 4th quarter valued at about $50,000. Finally, State of Wyoming bought a new stake in Mistras Group in the 1st quarter valued at about $66,000. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Company Profile

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.