Royce & Associates LP Raises Stock Holdings in Mistras Group, Inc. (NYSE:MG)

Royce & Associates LP raised its position in shares of Mistras Group, Inc. (NYSE:MG) by 9.4% during the 4th quarter, Holdings Channel reports. The fund owned 1,441,967 shares of the technology company’s stock after purchasing an additional 124,270 shares during the period. Royce & Associates LP’s holdings in Mistras Group were worth $13,064,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MG. Heck Capital Advisors LLC purchased a new stake in Mistras Group during the 4th quarter valued at $50,000. Public Employees Retirement System of Ohio raised its holdings in Mistras Group by 193.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after buying an additional 8,298 shares during the period. XTX Topco Ltd purchased a new stake in Mistras Group during the 3rd quarter valued at $151,000. BNP Paribas Financial Markets raised its holdings in Mistras Group by 516.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after buying an additional 21,919 shares during the period. Finally, Inspire Advisors LLC purchased a new stake in Mistras Group during the 4th quarter valued at $417,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Price Performance

MG opened at $9.90 on Tuesday. Mistras Group, Inc. has a 12-month low of $7.45 and a 12-month high of $12.44. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $9.97. The company has a market capitalization of $307.06 million, a price-to-earnings ratio of 28.27, a PEG ratio of 0.73 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th.

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.