Mistras Group (NYSE:MG) Trading Down 10.2% – Time to Sell?

Shares of Mistras Group Inc (NYSE:MG) were down 10.2% on Wednesday . The company traded as low as $15.54 and last traded at $16.9890. Approximately 102,993 shares were traded during trading, a decline of 37% from the average daily volume of 162,858 shares. The stock had previously closed at $18.91.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. Roth Mkm started coverage on Mistras Group in a research report on Thursday, April 30th. They set a “buy” rating and a $22.00 price objective for the company. Wall Street Zen lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research raised Mistras Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $19.00.

Mistras Group Trading Down 6.1%

The firm has a market cap of $560.03 million, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.13 and a beta of 0.92. The stock has a fifty day simple moving average of $16.09 and a 200 day simple moving average of $13.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.74.

Mistras Group (NYSE:MG) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter. The business had revenue of $169.03 million during the quarter, compared to analyst estimates of $164.25 million. Mistras Group had a return on equity of 13.70% and a net margin of 3.06%. On average, research analysts expect that Mistras Group Inc will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mistras Group

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Mistras Group by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,703,681 shares of the technology company’s stock worth $25,180,000 after purchasing an additional 35,835 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Mistras Group by 12.6% in the first quarter. Bank of New York Mellon Corp now owns 63,129 shares of the technology company’s stock worth $933,000 after acquiring an additional 7,055 shares during the period. Inspire Investing LLC grew its holdings in shares of Mistras Group by 13.9% in the first quarter. Inspire Investing LLC now owns 115,815 shares of the technology company’s stock worth $1,712,000 after acquiring an additional 14,154 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Mistras Group by 21.8% in the first quarter. Ritholtz Wealth Management now owns 104,752 shares of the technology company’s stock worth $1,548,000 after acquiring an additional 18,749 shares during the period. Finally, Verdad Advisers LP bought a new stake in shares of Mistras Group in the fourth quarter worth $632,000. Institutional investors own 74.92% of the company’s stock.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.