Mistras Group (NYSE: MG) was downgraded to a “buy” rating in a research report published on Wednesday by experts from StockNews.com. Previously, they had given the company a “strong-buy” rating.
Separately, TheStreet reduced Mistras Group from a rating of “c-” to a “d” in a research report on Thursday, November 3rd.
The NYSE: MG stock began trading at $3.94 on Wednesday. The debt-to-equity ratio is currently at 1.09, the quick ratio is at 1.50, and the current ratio is at 1.62. The one-year low for Mistras Group is $3.38, while the one-year high for the company is $8.95. The firm’s market capitalization is currently sitting at $117.79 million, its P/E ratio is 35.82, and its beta is 1.68. The stock has a simple moving average of $4.59 over the past fifty days, while its simple moving average over the past 200 days is $5.43.
Recent transactions involving the purchase and sale of MG stock by several institutional investors Following the acquisition of 94,400 additional shares during the preceding quarter, Lapides Asset Management LLC now has a total of 486,800 shares of the technology business, which have a value of $2,892,000. During the first three months of 2018, Pacific Ridge Capital Partners LLC grew its holdings in Mistras Group by 0.7 percent. Pacific Ridge Capital Partners LLC now owns a total of 358,732 shares of the technology company’s stock, valued at $2,371,000 following the acquisition of an additional 2,636 shares during the most recent quarter. Red Cedar Capital LLC grew its ownership of Mistras Group by 0.9% over the year’s first three months. Following the acquisition of 3,517 additional shares during the preceding quarter, Red Cedar Capital LLC now has a total of 389,824 shares of the technology business, which have a value of $2,577,000. During the first three months of the year, Royce & Associates LP grew its holdings in Mistras Group by 25.0%. Following the acquisition of an additional 186,200 shares during the most recent fiscal quarter, Royce & Associates LP now has a total of 929,572 shares of the technology firm, which have a value of $6,144,000.
Last but not least, during the second quarter, Russell Investments Group Ltd. added 14.9% more shares of Mistras Group to its portfolio than it had previously. After making an additional purchase of 23,436 shares during the most recent quarter, Russell Investments Group Ltd. now possesses a total of 180,208 technology company shares, which are now valued at $1,068,000. The company’s stock is owned by institutional investors and hedge funds to 52.36 percent of the total.
The Mistras Group, Inc. is a leading provider of asset protection solutions that are enabled by technology all over the world. The corporation is organized into three segments: goods and systems, international, and services. In addition to providing non-destructive testing services, predictive maintenance assessments of fixed and rotating assets, pipeline inline inspections, and the development of enterprise inspection database and plant condition management software, the company also provides inline pipeline inspections.