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

Mistras Group (NYSE:MG) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Mistras Group Stock Performance

Shares of Mistras Group stock opened at $9.92 on Tuesday. Mistras Group has a fifty-two week low of $7.45 and a fifty-two week high of $12.44. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The firm has a market capitalization of $307.62 million, a P/E ratio of 28.34, a P/E/G ratio of 0.73 and a beta of 1.76. The company’s 50 day moving average price is $9.36 and its two-hundred day moving average price is $10.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MG. Mill Road Capital Management LLC raised its holdings in shares of Mistras Group by 4.7% during the 3rd quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company’s stock valued at $18,182,000 after purchasing an additional 72,025 shares in the last quarter. Royce & Associates LP raised its stake in shares of Mistras Group by 9.4% in the fourth quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company’s stock worth $13,064,000 after acquiring an additional 124,270 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mistras Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 455,532 shares of the technology company’s stock worth $4,128,000 after buying an additional 2,143 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Mistras Group by 1.0% during the third quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock worth $4,317,000 after buying an additional 3,593 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Mistras Group by 4.8% during the third quarter. State Street Corp now owns 317,579 shares of the technology company’s stock worth $3,611,000 after buying an additional 14,651 shares during the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.