Mistras Group (NYSE:MG) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Mistras Group Inc (NYSE:MG) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $20.29 and traded as low as $20.15. Mistras Group shares last traded at $20.2150, with a volume of 882,946 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MG shares. Wall Street Zen cut Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 13th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Mistras Group Stock Performance

The firm’s 50 day simple moving average is $20.29 and its 200-day simple moving average is $17.27. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71. The company has a market capitalization of $643.85 million, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.23 and a beta of 0.90.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $193.13 million during the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. Analysts expect that Mistras Group Inc will post 1.04 EPS for the current year.

Institutional Investors Weigh In On Mistras Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Ellsworth Advisors LLC boosted its holdings in Mistras Group by 2.8% in the third quarter. Ellsworth Advisors LLC now owns 43,520 shares of the technology company’s stock worth $917,000 after purchasing an additional 1,204 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Mistras Group by 84.6% during the third quarter. State of Alaska Department of Revenue now owns 3,258 shares of the technology company’s stock valued at $68,000 after buying an additional 1,493 shares in the last quarter. Legal & General Group Plc bought a new position in Mistras Group during the second quarter valued at about $30,000. Empowered Funds LLC lifted its position in shares of Mistras Group by 1.8% in the first quarter. Empowered Funds LLC now owns 225,494 shares of the technology company’s stock worth $3,333,000 after buying an additional 4,058 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Mistras Group in the second quarter worth about $71,000. Institutional investors and hedge funds own 74.92% of the company’s stock.

Mistras Group Company Profile

Mistras Group, Inc provides asset protection and industrial inspection services designed to help companies monitor the condition, safety and performance of critical infrastructure. The company combines nondestructive testing, inspection, engineering, monitoring and data-management capabilities to identify defects and support maintenance decisions without interrupting the operation of industrial assets.

Its services and technologies include nondestructive testing and examination, mechanical integrity programs, acoustic-emission testing, structural health monitoring, rope access, remote visual inspection and other specialized inspection techniques.