Zacks Investment Research cut shares of Mistras Group (NYSE:MG) from a hold rating to a sell rating in a research note published on Friday morning.

According to Zacks, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries. “

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity assumed coverage on shares of Mistras Group in a research note on Wednesday. They set a hold rating and a $20.00 target price for the company. ValuEngine downgraded shares of Mistras Group from a buy rating to a hold rating in a research note on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Mistras Group presently has an average rating of Hold and a consensus target price of $22.33.

Shares of MG stock traded down $0.64 during mid-day trading on Friday, hitting $17.31. 67,702 shares of the stock were exchanged, compared to its average volume of 66,311. Mistras Group has a 12-month low of $16.46 and a 12-month high of $23.83. The firm has a market cap of $492.04 million, a price-to-earnings ratio of 40.26, a PEG ratio of 0.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.01 and a current ratio of 2.09.

Mistras Group (NYSE:MG) last announced its earnings results on Monday, November 5th. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.11). Mistras Group had a return on equity of 6.42% and a net margin of 1.17%. The business had revenue of $182.17 million for the quarter, compared to analyst estimates of $181.50 million. As a group, research analysts predict that Mistras Group will post 0.73 EPS for the current year.

A number of large investors have recently made changes to their positions in MG. Millennium Management LLC lifted its position in Mistras Group by 429.9% in the first quarter. Millennium Management LLC now owns 72,663 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 58,950 shares during the period. Atria Investments LLC acquired a new stake in Mistras Group in the second quarter valued at about $196,000. Rockefeller Capital Management L.P. lifted its position in Mistras Group by 5.6% in the second quarter. Rockefeller Capital Management L.P. now owns 904,446 shares of the technology company’s stock valued at $17,076,000 after purchasing an additional 47,757 shares during the period. Engineers Gate Manager LP acquired a new stake in Mistras Group in the second quarter valued at about $215,000. Finally, Rutabaga Capital Management LLC MA lifted its position in Mistras Group by 10.0% in the second quarter. Rutabaga Capital Management LLC MA now owns 921,404 shares of the technology company’s stock valued at $17,396,000 after purchasing an additional 84,024 shares during the period. Hedge funds and other institutional investors own 59.06% of the company’s stock.

About Mistras Group

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 engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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