ValuEngine upgraded shares of Mistras Group (NYSE:MG) from a hold rating to a buy rating in a research note published on Monday, ValuEngine reports.

A number of other equities research analysts have also issued reports on 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 for the company. 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $31.50.

Shares of MG opened at $16.04 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.60 and a debt-to-equity ratio of 0.97. Mistras Group has a 12-month low of $12.38 and a 12-month high of $22.18. The firm has a 50-day moving average price of $15.36 and a 200 day moving average price of $14.44. The firm has a market capitalization of $463.13 million, a P/E ratio of 29.16, a P/E/G ratio of 1.46 and a beta of 1.21.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Mistras Group had a net margin of 0.01% and a return on equity of 4.13%. The firm had revenue of $200.62 million during the quarter, compared to analyst estimates of $192.70 million. Equities research analysts predict that Mistras Group will post 0.65 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in MG. BNP Paribas Arbitrage SA boosted its stake 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 during the period. SG Americas Securities LLC purchased a new position in Mistras Group during the second quarter worth about $103,000. CHICAGO TRUST Co NA purchased a new position in Mistras Group during the second quarter worth about $145,000. Prudential Financial Inc. boosted its stake 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 during the period. Finally, Envestnet Asset Management Inc. boosted its stake 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 during the period. 58.58% of the stock is owned by hedge funds and other institutional investors.

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 testing program services; and engineering consulting services.

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