Mistras Group (MG) Getting Somewhat Positive Media Coverage, Analysis Shows
News coverage about Mistras Group (NYSE:MG) has trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mistras Group earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 43.2471513137312 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Mistras Group (NYSE MG) traded up $0.41 on Monday, hitting $22.66. The stock had a trading volume of 129,300 shares, compared to its average volume of 76,976. The company has a current ratio of 2.21, a quick ratio of 2.08 and a debt-to-equity ratio of 0.41. The stock has a market cap of $640.79, a price-to-earnings ratio of 40.45 and a beta of 1.18. Mistras Group has a 12-month low of $17.00 and a 12-month high of $26.46.
Mistras Group (NYSE:MG) last issued its earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Mistras Group had a return on equity of 6.16% and a net margin of 0.68%. The business had revenue of $179.57 million during the quarter, compared to analysts’ expectations of $172.28 million. equities analysts anticipate that Mistras Group will post 0.46 EPS for the current fiscal year.
Several research analysts have recently issued reports on MG shares. Canaccord Genuity raised their target price on shares of Mistras Group from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a report on Saturday, November 11th. KeyCorp reiterated a “hold” rating on shares of Mistras Group in a report on Friday, October 6th. Goldman Sachs Group cut shares of Mistras Group from a “neutral” rating to a “sell” rating and dropped their target price for the company from $45.00 to $41.00 in a report on Monday, October 16th. Finally, Robert W. Baird cut shares of Mistras Group from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $22.00 in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.71.
In other Mistras Group news, EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the transaction, the executive vice president now owns 38,761 shares of the company’s stock, valued at approximately $883,750.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 44.70% of the stock is currently owned by insiders.
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About Mistras Group
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