StockNews.com downgraded shares of Mistras Group (NYSE:MG – Get Rating) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.
Mistras Group Trading Up 1.8 %
NYSE MG opened at $5.67 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.62 and a quick ratio of 1.50. The firm’s fifty day moving average price is $5.30 and its 200 day moving average price is $4.89. The company has a market capitalization of $169.53 million, a price-to-earnings ratio of 28.35 and a beta of 1.49. Mistras Group has a 12 month low of $3.38 and a 12 month high of $7.02.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of Mistras Group by 6.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,869 shares of the technology company’s stock valued at $171,000 after buying an additional 1,713 shares during the last quarter. Red Cedar Capital LLC grew its position in shares of Mistras Group by 0.6% in the 3rd quarter. Red Cedar Capital LLC now owns 394,411 shares of the technology company’s stock valued at $1,759,000 after buying an additional 2,407 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Mistras Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,033 shares of the technology company’s stock valued at $779,000 after buying an additional 2,413 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Mistras Group by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 38,469 shares of the technology company’s stock worth $254,000 after purchasing an additional 2,477 shares during the period. Finally, State Street Corp boosted its stake in Mistras Group by 1.0% during the 1st quarter. State Street Corp now owns 336,369 shares of the technology company’s stock worth $2,223,000 after purchasing an additional 3,295 shares during the period. 48.42% of the stock is owned by hedge funds and other institutional investors.
About Mistras Group
MISTRAS Group, Inc engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: Services, International Offers Services, and Products and Systems. The Services segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services.
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