Mistras Group (NYSE:MG) Sets New 1-Year High - What's Next?

Key Points

• Mistras Group shares reached a new 52-week high at $19.52 (last $19.5350) on Tuesday, and analysts carry an average Buy rating with a consensus price target of $19.00 (Roth MKM initiated coverage with a $22 target).
• The company posted an EPS beat on March 4—$0.25 vs. $0.20 expected—and reported $181.46M in revenue versus $176.27M, with analysts projecting about 1.02 EPS for the current year.
• Institutional investors own roughly 74.92% of the stock with several funds increasing positions recently, and technical momentum is evident as the 50-day SMA ($15.86) sits above the 200-day SMA ($13.75).

Mistras Group Inc (NYSE:MG - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $19.52 and last traded at $19.5350, with a volume of 85231 shares. The stock had previously closed at $18.69.

Wall Street Analysts Forecast Growth

Several research firms have commented on MG. Roth Mkm began coverage on Mistras Group in a report on Thursday, April 30th. They set a "buy" rating and a $22.00 price objective on the stock. Zacks Research upgraded Mistras Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Wall Street Zen downgraded Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Mistras Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $19.00.

Mistras Group Price Performance

The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The firm has a market cap of $604.39 million, a P/E ratio of 35.84, a PEG ratio of 1.18 and a beta of 0.92. The firm has a 50-day simple moving average of $15.86 and a 200-day simple moving average of $13.75.

Mistras Group (NYSE:MG - Get Free Report) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $181.46 million for the quarter, compared to analysts' expectations of $176.27 million. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%. As a group, analysts forecast that Mistras Group Inc will post 1.02 EPS for the current year.

Institutional Trading of Mistras Group

Institutional investors have recently made changes to their positions in the business. Royce & Associates LP boosted its position in shares of Mistras Group by 5.6% in the 3rd quarter. Royce & Associates LP now owns 1,342,747 shares of the technology company's stock worth $13,213,000 after purchasing an additional 71,490 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Mistras Group by 285.7% in the 4th quarter. Ritholtz Wealth Management now owns 86,003 shares of the technology company's stock worth $1,088,000 after purchasing an additional 63,703 shares in the last quarter. Acuitas Investments LLC boosted its position in shares of Mistras Group by 51.7% in the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company's stock worth $6,332,000 after purchasing an additional 219,421 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Mistras Group in the 3rd quarter worth $846,000. Finally, Invenomic Capital Management LP acquired a new stake in shares of Mistras Group in the 3rd quarter worth $4,650,000. Institutional investors and hedge funds own 74.92% of the company's stock.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company's offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.

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