Mistras Group (NYSE:MG) Stock Rating Lowered by StockNews.com

Mistras Group (NYSE:MGGet Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Separately, TheStreet downgraded shares of Mistras Group from a “c-” rating to a “d” rating in a research report on Thursday, November 3rd.

Mistras Group Stock Performance

NYSE:MG opened at $3.94 on Wednesday. The company has a market capitalization of $117.79 million, a PE ratio of 35.82 and a beta of 1.68. The company has a 50 day simple moving average of $4.59 and a two-hundred day simple moving average of $5.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.50 and a current ratio of 1.62. Mistras Group has a fifty-two week low of $3.38 and a fifty-two week high of $8.95.

Hedge Funds Weigh In On Mistras Group

A number of institutional investors and hedge funds have recently modified their holdings of MG. Janney Montgomery Scott LLC bought a new position in shares of Mistras Group in the 2nd quarter worth $107,000. OLD National Bancorp IN bought a new position in shares of Mistras Group in the 1st quarter worth $132,000. Barclays PLC lifted its holdings in shares of Mistras Group by 217.7% in the 3rd quarter. Barclays PLC now owns 22,736 shares of the technology company’s stock worth $102,000 after purchasing an additional 15,579 shares in the last quarter. Boston Partners bought a new position in shares of Mistras Group in the 1st quarter worth $167,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Mistras Group by 34.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 27,156 shares of the technology company’s stock worth $180,000 after purchasing an additional 6,989 shares in the last quarter. 52.36% of the stock is currently owned by institutional investors.

Mistras Group Company Profile

(Get Rating)

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers non-destructive testing services; predictive maintenance assessments of fixed and rotating assets; inline inspection for pipelines; and develops enterprise inspection database management software and plant condition management software.

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