Headlines about Mistras Group (NYSE:MG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mistras Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.1142818867434 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Mistras Group (NYSE MG) traded down 0.24% on Thursday, hitting $20.89. 27,034 shares of the stock traded hands. The firm has a market cap of $590.14 million, a P/E ratio of 44.45 and a beta of 1.17. The stock has a 50-day moving average price of $20.11 and a 200 day moving average price of $20.87. Mistras Group has a 52 week low of $17.00 and a 52 week high of $26.46.
Mistras Group (NYSE:MG) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). Mistras Group had a return on equity of 7.04% and a net margin of 2.69%. The company had revenue of $170.44 million for the quarter, compared to the consensus estimate of $170.16 million. Equities research analysts predict that Mistras Group will post $0.49 EPS for the current fiscal year.
Several equities research analysts have weighed in on MG shares. KeyCorp restated a “hold” rating on shares of Mistras Group in a research note on Friday, August 25th. Canaccord Genuity lowered their price target on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Robert W. Baird downgraded shares of Mistras Group from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $21.00 to $22.00 in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of Mistras Group from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Mistras Group currently has an average rating of “Hold” and an average target price of $35.00.
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In other Mistras Group news, Chairman Sotirios J. Vahaviolos sold 90,490 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $21.25, for a total value of $1,922,912.50. Following the completion of the sale, the chairman now directly owns 10,561,142 shares of the company’s stock, valued at $224,424,267.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael C. Keefe sold 4,462 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total transaction of $80,539.10. Following the completion of the sale, the executive vice president now directly owns 47,223 shares of the company’s stock, valued at $852,375.15. The disclosure for this sale can be found here. Insiders own 44.70% of the company’s stock.
About Mistras Group
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