Mistras Group - MG Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mistras Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MG, but not buy additional shares or sell existing shares.
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Mistras Group's stock was trading at $7.43 at the start of the year. Since then, MG stock has decreased by 17.1% and is now trading at $6.16.
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Mistras Group saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 232,200 shares, a drop of 15.6% from the June 30th total of 275,200 shares. Based on an average daily trading volume, of 138,300 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Mistras Group, Inc. (NYSE:MG) announced its earnings results on Tuesday, November, 2nd. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by $0.06. The technology company earned $174.56 million during the quarter, compared to analysts' expectations of $170.50 million. Mistras Group had a net margin of 0.37% and a trailing twelve-month return on equity of 1.73%. During the same period in the previous year, the company posted $0.06 earnings per share.

61 employees have rated Mistras Group Chief Executive Officer Sotirios J. Vahaviolos on Glassdoor.com. Sotirios J. Vahaviolos has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mistras Group investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Newpark Resources (NR), Genocea Biosciences (GNCA), Transocean (RIG), Allena Pharmaceuticals (ALNA), Enbridge (ENB) and Express (EXPR).

Mistras Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MG."

Mistras Group's stock is owned by many different institutional and retail investors. Top institutional investors include Royce & Associates LP (4.11%), Lapides Asset Management LLC (1.63%), Truist Financial Corp (1.35%), Red Cedar Capital LLC (1.32%), Pacific Ridge Capital Partners LLC (1.11%) and Foundry Partners LLC (0.89%). Insiders that own company stock include Dennis Bertolotti, James J Forese, Manuel N Stamatakis, Manuel N Stamatakis, Richard H Glanton and Sotirios J Vahaviolos.
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Shares of MG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MG stock can currently be purchased for approximately $6.16.

Mistras Group (NYSE:MG) has a market capitalization of $183.60 million and generates $677.13 million in revenue each year. The technology company earns $3.86 million in net income (profit) each year or $0.08 on an earnings per share basis.

The company employs 5,400 workers across the globe.

Mistras Group's mailing address is 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ, 08550. The official website for the company is www.mistrasgroup.com. The technology company can be reached via phone at (609) 716-4000 or via fax at 609-716-4145.