Analysts Set Mistras Group Inc (NYSE:MG) Price Target at $15.00

Mistras Group Inc (NYSE:MG) has been assigned an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.00.

A number of equities research analysts recently issued reports on the company. Maxim Group downgraded Mistras Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. TheStreet downgraded Mistras Group from a “c-” rating to a “d+” rating in a research report on Friday, February 14th. ValuEngine raised Mistras Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 30th. Sidoti reduced their price target on Mistras Group from $21.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Finally, Zacks Investment Research cut Mistras Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 20th.

Shares of Mistras Group stock traded up $0.33 on Monday, hitting $4.37. The stock had a trading volume of 288,613 shares, compared to its average volume of 223,124. Mistras Group has a twelve month low of $2.77 and a twelve month high of $16.95. The business’s 50 day moving average is $3.95 and its two-hundred day moving average is $8.82. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 1.53. The stock has a market cap of $117.46 million, a price-to-earnings ratio of -1.46 and a beta of 1.76.

Mistras Group (NYSE:MG) last posted its earnings results on Monday, May 18th. The technology company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.05). The firm had revenue of $159.47 million during the quarter, compared to analyst estimates of $151.00 million. Mistras Group had a negative net margin of 11.92% and a positive return on equity of 1.45%. As a group, equities analysts predict that Mistras Group will post -0.26 earnings per share for the current fiscal year.

In related news, Chairman Sotirios J. Vahaviolos purchased 87,670 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were bought at an average cost of $4.52 per share, with a total value of $396,268.40. Following the acquisition, the chairman now owns 10,438,375 shares of the company’s stock, valued at $47,181,455. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dennis Bertolotti purchased 6,000 shares of Mistras Group stock in a transaction that occurred on Monday, March 30th. The shares were bought at an average price of $4.26 per share, with a total value of $25,560.00. Following the transaction, the chief executive officer now owns 172,489 shares of the company’s stock, valued at approximately $734,803.14. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 103,670 shares of company stock valued at $464,428. 42.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in Mistras Group by 36.2% in the first quarter. AQR Capital Management LLC now owns 63,171 shares of the technology company’s stock valued at $269,000 after acquiring an additional 16,775 shares during the last quarter. Engineers Gate Manager LP boosted its stake in Mistras Group by 195.0% in the first quarter. Engineers Gate Manager LP now owns 34,553 shares of the technology company’s stock valued at $147,000 after acquiring an additional 22,842 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Mistras Group by 33.6% in the first quarter. Squarepoint Ops LLC now owns 75,091 shares of the technology company’s stock valued at $320,000 after acquiring an additional 18,900 shares during the last quarter. Invesco Ltd. boosted its stake in Mistras Group by 53.6% in the first quarter. Invesco Ltd. now owns 74,470 shares of the technology company’s stock valued at $317,000 after acquiring an additional 25,987 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in Mistras Group in the first quarter valued at about $88,000. Hedge funds and other institutional investors own 55.70% 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 testing program services; and engineering consulting services.

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