Mistras Group (NYSE:MG) Rating Increased to Strong-Buy at StockNews.com

Mistras Group (NYSE:MG) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Mistras Group Price Performance

Shares of NYSE:MG traded down $0.19 during midday trading on Monday, reaching $9.74. 77,608 shares of the company’s stock were exchanged, compared to its average volume of 115,286. Mistras Group has a 12 month low of $7.45 and a 12 month high of $12.44. The firm has a market capitalization of $301.88 million, a PE ratio of 27.81, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76. The company’s 50 day simple moving average is $9.26 and its two-hundred day simple moving average is $10.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in Mistras Group in the fourth quarter valued at approximately $50,000. Public Employees Retirement System of Ohio raised its position in Mistras Group by 193.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after buying an additional 8,298 shares during the last quarter. XTX Topco Ltd acquired a new position in Mistras Group during the third quarter worth $151,000. Wealth Enhancement Advisory Services LLC raised its holdings in Mistras Group by 21.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock worth $212,000 after acquiring an additional 3,327 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Mistras Group by 516.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after acquiring an additional 21,919 shares during the period. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.