StockNews.com Lowers Mistras Group (NYSE:MG) to Buy

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

Mistras Group Stock Up 1.8 %

MG opened at $5.67 on Monday. Mistras Group has a fifty-two week low of $3.38 and a fifty-two week high of $7.02. 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 two-hundred day moving average price is $4.89. The company has a market capitalization of $169.53 million, a P/E ratio of 28.35 and a beta of 1.49.

Institutional Investors Weigh In On Mistras Group

Institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Mistras Group during the fourth quarter worth $65,000. Janney Montgomery Scott LLC acquired a new stake in Mistras Group during the second quarter worth $107,000. Barclays PLC boosted its stake in Mistras Group by 217.7% during the third quarter. Barclays PLC now owns 22,736 shares of the technology company’s stock worth $102,000 after buying an additional 15,579 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake 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 valued at $180,000 after purchasing an additional 6,989 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Mistras Group by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 38,469 shares of the technology company’s stock valued at $254,000 after purchasing an additional 2,477 shares in the last quarter. Institutional investors and hedge funds own 48.42% of the company’s stock.

About Mistras Group

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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.