Mistras Group Inc (NYSE:MG) Given Consensus Rating of “Hold” by Analysts

Mistras Group Inc (NYSE:MG) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.83.

Several equities research analysts have recently commented on MG shares. ValuEngine cut Mistras Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Zacks Investment Research downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Finally, Maxim Group began coverage on shares of Mistras Group in a research note on Thursday, October 31st. They issued a “buy” rating and a $21.00 price objective for the company.

In other Mistras Group news, Director Manuel N. Stamatakis acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $14.60 per share, for a total transaction of $73,000.00. Following the transaction, the director now directly owns 122,718 shares of the company’s stock, valued at $1,791,682.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.40% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Millennium Management LLC purchased a new stake in Mistras Group in the 3rd quarter worth approximately $3,172,000. Squarepoint Ops LLC grew its holdings in Mistras Group by 47.1% in the 3rd quarter. Squarepoint Ops LLC now owns 34,706 shares of the technology company’s stock valued at $569,000 after buying an additional 11,106 shares during the period. California Public Employees Retirement System increased its stake in shares of Mistras Group by 29.1% during the 3rd quarter. California Public Employees Retirement System now owns 15,323 shares of the technology company’s stock valued at $251,000 after acquiring an additional 3,457 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Mistras Group by 7.4% during the 3rd quarter. Rhumbline Advisers now owns 27,426 shares of the technology company’s stock worth $450,000 after acquiring an additional 1,889 shares during the period. Finally, Bailard Inc. purchased a new position in shares of Mistras Group during the 3rd quarter worth about $315,000. Institutional investors and hedge funds own 56.76% of the company’s stock.

Shares of NYSE MG traded up $0.19 during midday trading on Monday, reaching $13.75. 109,074 shares of the company were exchanged, compared to its average volume of 90,730. The stock has a market cap of $397.58 million, a P/E ratio of 25.00, a PEG ratio of 3.47 and a beta of 1.18. Mistras Group has a 1 year low of $12.19 and a 1 year high of $16.95. The stock has a fifty day simple moving average of $14.14 and a 200 day simple moving average of $14.64. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 0.98.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Mistras Group had a return on equity of 3.76% and a net margin of 0.56%. The company had revenue of $192.19 million for the quarter, compared to analyst estimates of $195.10 million. As a group, analysts forecast that Mistras Group will post 0.35 earnings per share for the current year.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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