Mistras Group Inc (NYSE:MG) Given Average Rating of “Hold” by Brokerages

Mistras Group Inc (NYSE:MG) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.75.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. They noted that the move was a valuation call. ValuEngine raised Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet raised Stitch Fix from a “d” rating to a “c-” rating in a research note on Wednesday, June 26th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 1,206 ($15.76) target price on shares of in a research note on Thursday, June 27th.

Shares of MG traded up $0.12 during midday trading on Friday, reaching $14.95. 545 shares of the stock were exchanged, compared to its average volume of 84,375. Mistras Group has a twelve month low of $12.38 and a twelve month high of $23.60. The company has a current ratio of 1.84, a quick ratio of 1.71 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $424.54 million, a P/E ratio of 27.18, a P/E/G ratio of 1.37 and a beta of 1.23. The firm has a 50 day moving average of $14.13.

Mistras Group (NYSE:MG) last posted its earnings results on Monday, May 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.11). Mistras Group had a positive return on equity of 4.11% and a negative net margin of 0.19%. The firm had revenue of $176.79 million for the quarter, compared to analyst estimates of $183.90 million. Research analysts expect that Mistras Group will post 0.66 EPS for the current year.

In other Mistras Group news, Director Manuel N. Stamatakis bought 5,000 shares of the stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $13.25 per share, with a total value of $66,250.00. Following the completion of the purchase, the director now owns 110,286 shares in the company, valued at $1,461,289.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jonathan H. Wolk bought 2,500 shares of the stock in a transaction on Wednesday, June 5th. The shares were acquired at an average cost of $13.76 per share, with a total value of $34,400.00. Following the purchase, the chief operating officer now owns 94,900 shares of the company’s stock, valued at approximately $1,305,824. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 26,041 shares of company stock valued at $359,206. Insiders own 42.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. raised its stake in Mistras Group by 16.0% during the fourth quarter. Citigroup Inc. now owns 5,605 shares of the technology company’s stock worth $81,000 after acquiring an additional 773 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Mistras Group by 0.4% during the fourth quarter. Northern Trust Corp now owns 225,447 shares of the technology company’s stock worth $3,241,000 after purchasing an additional 981 shares during the last quarter. Lapides Asset Management LLC grew its holdings in shares of Mistras Group by 11.3% during the first quarter. Lapides Asset Management LLC now owns 29,500 shares of the technology company’s stock worth $407,000 after purchasing an additional 3,000 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of 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 purchasing an additional 3,550 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Mistras Group by 16.2% during the fourth quarter. Squarepoint Ops LLC now owns 27,931 shares of the technology company’s stock worth $402,000 after purchasing an additional 3,887 shares during the last quarter. 58.98% of the stock is 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.

Featured Story: How do taxes affect a CDs total return?

Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.