Mistras Group's (MG) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Mistras Group's stock has been reaffirmed with a "Hold (C)" rating by Weiss Ratings, following a recent research report.
• Despite the hold rating from Weiss, Wall Street Zen upgraded Mistras Group from a "hold" to a "buy" rating" on September 5th.
• In recent trading, Mistras Group's shares have surged by 0.9%, with a current market price of $9.75 and a market capitalization of $307.50 million.

Mistras Group (NYSE:MG - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Mistras Group from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Mistras Group has a consensus rating of "Hold".

Mistras Group Stock Up 0.9%

Shares of MG opened at $9.75 on Wednesday. The company has a market capitalization of $307.50 million, a PE ratio of 26.35, a PEG ratio of 0.90 and a beta of 1.27. Mistras Group has a 12 month low of $7.06 and a 12 month high of $12.44. The stock's 50-day moving average price is $9.36 and its two-hundred day moving average price is $8.79. The company has a current ratio of 1.66, a quick ratio of 1.54 and a debt-to-equity ratio of 0.89.

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

Insider Buying and Selling

In other news, EVP Eileen Mary Coggins bought 15,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was acquired at an average cost of $9.55 per share, with a total value of $143,250.00. Following the transaction, the executive vice president directly owned 15,000 shares of the company's stock, valued at approximately $143,250. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is owned by insiders.

Institutional Trading of Mistras Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its holdings in Mistras Group by 64.6% during the 1st quarter. Voya Investment Management LLC now owns 22,449 shares of the technology company's stock worth $238,000 after purchasing an additional 8,807 shares in the last quarter. American Century Companies Inc. increased its holdings in Mistras Group by 18.0% during the 1st quarter. American Century Companies Inc. now owns 38,186 shares of the technology company's stock worth $404,000 after purchasing an additional 5,812 shares in the last quarter. Nuveen LLC bought a new stake in Mistras Group during the 1st quarter worth approximately $836,000. State of Wyoming bought a new stake in Mistras Group during the 1st quarter worth approximately $66,000. Finally, CWM LLC increased its holdings in Mistras Group by 194.3% during the 1st quarter. CWM LLC now owns 4,553 shares of the technology company's stock worth $48,000 after purchasing an additional 3,006 shares in the last quarter. 74.92% of the stock is 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.

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