StockNews.com Upgrades Mistras Group (NYSE:MG) to “Strong-Buy”

Mistras Group (NYSE:MG) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Mistras Group Trading Up 2.4 %

MG stock opened at $9.95 on Monday. The business has a fifty day moving average price of $9.26 and a 200 day moving average price of $10.10. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. Mistras Group has a fifty-two week low of $7.45 and a fifty-two week high of $12.44. The stock has a market capitalization of $308.55 million, a price-to-earnings ratio of 28.43, a P/E/G ratio of 0.72 and a beta of 1.76.

Institutional Investors Weigh In On Mistras Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MG. Heck Capital Advisors LLC bought a new stake in shares of Mistras Group during the fourth quarter worth $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 worth $143,000 after purchasing an additional 8,298 shares during the last quarter. XTX Topco Ltd acquired a new position in Mistras Group during the 3rd quarter valued at about $151,000. Wealth Enhancement Advisory Services LLC lifted its position in Mistras Group by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock valued at $212,000 after purchasing an additional 3,327 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Mistras Group by 516.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,165 shares of the technology company’s stock valued at $297,000 after purchasing an additional 21,919 shares during the last quarter. Institutional investors and hedge funds own 74.92% of the company’s stock.

About Mistras Group

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.