Mistras Group Stock Forecast, Price & News

Mistras Group's stock was trading at $5.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MG shares have decreased by 30.6% and is now trading at $3.78.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mistras Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Mistras Group is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
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Mistras Group Inc (NYSE:MG) released its quarterly earnings data on Wednesday, August, 5th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.15. The technology company had revenue of $124.44 million for the quarter. Mistras Group had a negative net margin of 14.84% and a negative return on equity of 1.83%.
View Mistras Group's earnings history.

3 Wall Street analysts have issued 12-month target prices for Mistras Group's stock. Their forecasts range from $14.00 to $15.00. On average, they anticipate Mistras Group's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 283.6% from the stock's current price.
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Mistras Group saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 514,200 shares, a decline of 19.5% from the August 15th total of 639,100 shares. Based on an average daily trading volume, of 291,300 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.0% of the company's stock are sold short.
View Mistras Group's Short Interest.

Some companies that are related to Mistras Group include Verisk Analytics (VRSK), Equifax (EFX), Nielsen (NLSN), FTI Consulting (FCN), Exponent (EXPO), CBIZ (CBZ), ICF International (ICFI), Huron Consulting Group (HURN), Resources Connection (RECN), VSE (VSEC), CRA International (CRAI), Franklin Covey (FC), Acacia Research (ACTG) and Odyssey Marine Exploration (OMEX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Mistras Group investors own include Endologix (ELGX), Apache (APA), Chipotle Mexican Grill (CMG), Newpark Resources (NR), Transocean (RIG), Express (EXPR), Occidental Petroleum (OXY), Allena Pharmaceuticals (ALNA), Aegean Marine Petroleum Network (ANW) and Baytex Energy (BTE).

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

Mistras Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Federated Hermes Inc. (1.72%), Red Cedar Capital LLC (1.39%), Lapides Asset Management LLC (1.29%), Assenagon Asset Management S.A. (1.09%), Pacific Ridge Capital Partners LLC (0.80%) and Wedge Capital Management L L P NC (0.50%). Company insiders that own Mistras Group stock include Dennis Bertolotti, James J Forese, Jonathan H Wolk, Manuel N Stamatakis, Nicholas Debenedictis and Sotirios J Vahaviolos.
View institutional ownership trends for Mistras Group.

MG stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Marshall Wace LLP, AQR Capital Management LLC, Bank of America Corp DE, Envestnet Asset Management Inc., Bank of New York Mellon Corp, UBS Group AG, and California Public Employees Retirement System.
View insider buying and selling activity for Mistras Group.

MG stock was acquired by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Assenagon Asset Management S.A., Lapides Asset Management LLC, Red Cedar Capital LLC, Wedge Capital Management L L P NC, WINTON GROUP Ltd, Tocqueville Asset Management L.P., and Goldman Sachs Group Inc.. Company insiders that have bought Mistras Group stock in the last two years include Dennis Bertolotti, James J Forese, Jonathan H Wolk, Manuel N Stamatakis, Nicholas Debenedictis, and Sotirios J Vahaviolos.
View insider buying and selling activity for Mistras Group.

Shares of MG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MG stock can currently be purchased for approximately $3.78.

Mistras Group has a market capitalization of $110.04 million and generates $748.59 million in revenue each year. The technology company earns $6.06 million in net income (profit) each year or $0.35 on an earnings per share basis. Mistras Group employs 5,500 workers across the globe.

The official website for Mistras Group is www.mistrasgroup.com.

Mistras Group's mailing address is 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ, 08550. The technology company can be reached via phone at 609-716-4000.