Other analysts also recently issued reports about the stock. TheStreet raised shares of Mistras Group from a d+ rating to a c- rating in a report on Wednesday, June 26th. Credit Suisse Group started coverage on shares of Mistras Group in a report on Thursday, June 27th. They issued a neutral rating and a $55.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Mistras Group from a sell rating to a hold rating in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $31.50.
NYSE:MG opened at $16.04 on Monday. The company has a market cap of $463.13 million, a PE ratio of 29.16, a P/E/G ratio of 1.46 and a beta of 1.21. Mistras Group has a twelve month low of $12.38 and a twelve month high of $22.18. The company has a current ratio of 1.72, a quick ratio of 1.60 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $15.36 and its two-hundred day moving average is $14.44.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Mistras Group by 667.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,082 shares of the technology company’s stock worth $56,000 after buying an additional 3,550 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Mistras Group during the second quarter worth $103,000. CHICAGO TRUST Co NA purchased a new stake in Mistras Group during the second quarter worth $145,000. Prudential Financial Inc. boosted its holdings in Mistras Group by 9.0% during the second quarter. Prudential Financial Inc. now owns 10,919 shares of the technology company’s stock worth $157,000 after buying an additional 900 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Mistras Group by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 21,227 shares of the technology company’s stock worth $305,000 after buying an additional 1,965 shares in the last quarter. 58.58% of the stock is currently owned by hedge funds and other institutional investors.
Mistras Group Company Profile
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.
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