Mistras Group Inc (NYSE:MG) Director Nicholas Debenedictis acquired 7,000 shares of Mistras Group stock in a transaction on Monday, March 18th. The shares were bought at an average price of $13.90 per share, with a total value of $97,300.00. Following the purchase, the director now directly owns 25,695 shares in the company, valued at approximately $357,160.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
NYSE MG opened at $13.93 on Wednesday. The stock has a market cap of $391.04 million, a price-to-earnings ratio of 26.35, a P/E/G ratio of 0.93 and a beta of 1.43. Mistras Group Inc has a fifty-two week low of $13.01 and a fifty-two week high of $23.60. The company has a quick ratio of 1.98, a current ratio of 2.09 and a debt-to-equity ratio of 0.56.
Mistras Group (NYSE:MG) last posted its earnings results on Monday, March 11th. The technology company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.15). Mistras Group had a net margin of 0.92% and a return on equity of 5.39%. The business had revenue of $180.76 million for the quarter, compared to analyst estimates of $168.00 million. Analysts forecast that Mistras Group Inc will post 0.67 EPS for the current year.
A number of equities analysts have weighed in on MG shares. ValuEngine lowered Mistras Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Mistras Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, Canaccord Genuity reduced their price objective on Mistras Group from $20.00 to $16.50 and set a “hold” rating for the company in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Mistras Group currently has a consensus rating of “Hold” and a consensus price target of $19.75.
About Mistras Group
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.
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