Mistras Group (NYSE:MG) Shares Climb 4.2% - Still a Buy?

Key Points

• Mistras Group shares rose 4.2% to about $21.54, despite trading volume running 48% below the average session volume.
• Analysts maintain a generally positive view, with two Buy ratings and one Hold rating producing a “Moderate Buy” consensus; however, the average price target of $19.00 is below the current share price.
• The company exceeded quarterly expectations, reporting adjusted EPS of $0.28 versus $0.24 expected and revenue of $193.13 million versus a $189.66 million consensus estimate. Institutional investors own 74.92% of the stock.

Mistras Group Inc (NYSE:MG - Get Free Report)'s share price was up 4.2% on Friday. The company traded as high as $21.70 and last traded at $21.5440. 116,922 shares were traded during trading, a decline of 48% from the average session volume of 225,866 shares. The stock had previously closed at $20.67.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings upgraded Mistras Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $19.00.

Mistras Group Trading Up 4.3%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71. The stock has a market cap of $686.56 million, a P/E ratio of 25.99, a P/E/G ratio of 1.24 and a beta of 0.90. The stock has a 50-day moving average price of $19.66 and a 200-day moving average price of $18.02.

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 analysts' consensus estimates 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. On average, equities research analysts expect that Mistras Group Inc will post 1.04 EPS for the current year.

Institutional Trading of Mistras Group

A number of hedge funds have recently made changes to their positions in MG. Ellsworth Advisors LLC raised its position in Mistras Group by 2.8% during the third quarter. Ellsworth Advisors LLC now owns 43,520 shares of the technology company's stock valued at $917,000 after purchasing an additional 1,204 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Mistras Group by 84.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,258 shares of the technology company's stock worth $68,000 after purchasing an additional 1,493 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Mistras Group in the 2nd quarter worth about $296,000. Empowered Funds LLC bought a new position in shares of Mistras Group during the 2nd quarter valued at about $3,939,000. Finally, Equitable Holdings Inc. purchased a new position in shares of Mistras Group during the 2nd quarter valued at about $1,510,000. 74.92% of the stock is owned by 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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