Mistras Group (NYSE:MG) Issues Quarterly Earnings Results

Mistras Group (NYSE:MG - Get Free Report) posted its quarterly earnings results on Wednesday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $184.44 million for the quarter. Mistras Group had a negative net margin of 2.48% and a positive return on equity of 3.32%.

Mistras Group Price Performance

Shares of MG stock traded up $0.11 during trading hours on Thursday, hitting $9.23. 111,898 shares of the company's stock were exchanged, compared to its average volume of 75,662. The stock's 50-day moving average is $9.06 and its 200-day moving average is $7.70. Mistras Group has a 52 week low of $4.96 and a 52 week high of $9.85. The stock has a market cap of $282.81 million, a price-to-earnings ratio of -15.81 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.42.

Analyst Ratings Changes

Separately, TheStreet upgraded Mistras Group from a "d+" rating to a "c-" rating in a research report on Tuesday, February 27th.

Insider Buying and Selling

In other news, EVP Michael J. Lange sold 5,000 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $8.53, for a total value of $42,650.00. Following the completion of the transaction, the executive vice president now owns 341,838 shares of the company's stock, valued at approximately $2,915,878.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.30% of the stock is owned by insiders.

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.