Mistras Group (MG) Receiving Somewhat Favorable News Coverage, Analysis Finds
News stories about Mistras Group (NYSE:MG) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mistras Group earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.3661348690152 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Mistras Group (NYSE:MG) traded up 1.22% during mid-day trading on Wednesday, hitting $20.66. The company had a trading volume of 27,810 shares. Mistras Group has a 52-week low of $17.00 and a 52-week high of $26.46. The stock has a market cap of $583.64 million, a price-to-earnings ratio of 43.96 and a beta of 1.17. The stock’s 50-day moving average is $20.35 and its 200-day moving average is $20.87.
Mistras Group (NYSE:MG) last issued its earnings results on Tuesday, August 8th. The technology company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The company had revenue of $170.44 million during the quarter, compared to analyst estimates of $170.16 million. Mistras Group had a net margin of 2.69% and a return on equity of 7.04%. Equities analysts forecast that Mistras Group will post $0.49 earnings per share for the current year.
Several research firms have recently issued reports on MG. Goldman Sachs Group, Inc. (The) cut Mistras Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research report on Monday. KeyCorp reissued a “hold” rating on shares of Mistras Group in a research report on Friday, October 6th. Robert W. Baird cut Mistras Group from an “outperform” rating to a “neutral” rating and upped their target price for the company from $21.00 to $22.00 in a research report on Monday, October 2nd. BidaskClub cut Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research cut Mistras Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.00.
In other news, Chairman Sotirios J. Vahaviolos sold 90,490 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $21.25, for a total transaction of $1,922,912.50. Following the completion of the transaction, the chairman now directly owns 10,561,142 shares in the company, valued at $224,424,267.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jonathan H. Wolk acquired 2,500 shares of Mistras Group stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $17.41 per share, with a total value of $43,525.00. Following the completion of the transaction, the chief operating officer now owns 83,589 shares of the company’s stock, valued at approximately $1,455,284.49. The disclosure for this purchase can be found here. Insiders own 44.70% of the company’s stock.
About Mistras Group
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