Mistras Group (NYSE:MG) Share Price Breaks Above 200-Day Moving Average - Should You Sell?

Shares of Mistras Group Inc (NYSE:MG - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $17.94 and traded as high as $20.86. Mistras Group shares last traded at $20.7940, with a volume of 371,102 shares trading hands.

Wall Street Analysts Forecast Growth

MG has been the subject of a number of recent research reports. Weiss Ratings upgraded Mistras Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, September 28th. Wall Street Zen downgraded Mistras Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Mistras Group Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.71 and a quick ratio of 1.58. The firm has a market cap of $662.29 million, a P/E ratio of 25.05, a PEG ratio of 1.24 and a beta of 0.90. The stock's 50-day simple moving average is $19.46 and its two-hundred day simple moving average is $17.94.

Mistras Group (NYSE:MG - Get Free Report) last announced its earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. The business had revenue of $193.13 million for the quarter, compared to the consensus estimate of $189.66 million. Equities research analysts forecast that Mistras Group Inc will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Mistras Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in Mistras Group in the second quarter worth about $30,000. State of Wyoming purchased a new position in shares of Mistras Group during the second quarter valued at approximately $71,000. Public Employees Retirement System of Ohio bought a new position in shares of Mistras Group during the second quarter valued at approximately $227,000. Bank of America Corp DE bought a new position in shares of Mistras Group during the second quarter valued at approximately $249,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Mistras Group during the second quarter valued at approximately $296,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Company Profile

MISTRAS Group, Inc NYSE: MG is an asset protection and industrial inspection company that helps organizations monitor the safety, reliability and integrity of critical infrastructure. Its services support industries including oil and gas, power generation, aerospace and defense, chemicals, transportation, infrastructure and manufacturing.

The company provides nondestructive testing (NDT), inspection, engineering, mechanical integrity and asset monitoring services. Its capabilities include acoustic emission testing, ultrasonic testing, radiography, visual inspection, rope access, corrosion assessment and structural health monitoring.

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