Inspire Investing LLC Takes $817,000 Position in Mistras Group Inc $MG

Key Points

• Inspire Investing LLC has invested approximately $817,000 in Mistras Group Inc, acquiring 77,220 shares, representing 0.25% of the company's stock.
• Mistras Group has recently experienced stock price fluctuations, with a current trading price of $9.48 and a market capitalization of $298.84 million.
• Wall Street Zen has upgraded Mistras Group from a "hold" rating to a "buy" rating, indicating positive sentiment from analysts regarding the company's future prospects.

Inspire Investing LLC bought a new stake in Mistras Group Inc (NYSE:MG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 77,220 shares of the technology company's stock, valued at approximately $817,000. Inspire Investing LLC owned about 0.25% of Mistras Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Mistras Group during the first quarter worth $522,000. Empowered Funds LLC increased its stake in Mistras Group by 7.3% during the first quarter. Empowered Funds LLC now owns 218,088 shares of the technology company's stock worth $2,307,000 after purchasing an additional 14,786 shares during the period. Clearline Capital LP acquired a new stake in shares of Mistras Group during the first quarter worth about $403,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Mistras Group in the first quarter valued at approximately $256,000. Finally, Banque Transatlantique SA purchased a new position in shares of Mistras Group in the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 74.92% of the company's stock.

Mistras Group Stock Up 3.5%

Mistras Group stock traded up $0.33 during midday trading on Thursday, reaching $9.74. The company's stock had a trading volume of 31,332 shares, compared to its average volume of 136,187. The business has a 50-day simple moving average of $8.86 and a 200-day simple moving average of $8.81. The company has a market cap of $307.18 million, a P/E ratio of 26.28, a P/E/G ratio of 0.89 and a beta of 1.33. Mistras Group Inc has a fifty-two week low of $7.06 and a fifty-two week high of $12.44. The company has a quick ratio of 1.54, a current ratio of 1.66 and a debt-to-equity ratio of 0.89.

Mistras Group (NYSE:MG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $185.41 million for the quarter, compared to the consensus estimate of $186.43 million. Mistras Group had a return on equity of 9.37% and a net margin of 1.64%. On average, research analysts expect that Mistras Group Inc will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mistras Group from a "hold" rating to a "buy" rating in a report on Friday, September 5th.

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.