StockNews.com upgraded shares of Mistras Group (NYSE:MG - Free Report) from a buy rating to a strong-buy rating in a research note published on Monday.
Mistras Group Trading Down 0.0 %
Shares of NYSE MG traded down $0.00 during trading on Monday, hitting $10.04. 58,013 shares of the company were exchanged, compared to its average volume of 105,901. The company has a fifty day moving average price of $9.31 and a 200-day moving average price of $10.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. The firm has a market capitalization of $311.25 million, a PE ratio of 28.68, a P/E/G ratio of 0.72 and a beta of 1.76. Mistras Group has a 12-month low of $7.45 and a 12-month high of $12.44.
Institutional Investors Weigh In On Mistras Group
Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Mistras Group by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company's stock worth $10,874,000 after acquiring an additional 44,550 shares in the last quarter. Renaissance Technologies LLC boosted its position in Mistras Group by 11.8% in the 2nd quarter. Renaissance Technologies LLC now owns 104,900 shares of the technology company's stock valued at $870,000 after buying an additional 11,100 shares during the period. Inspire Investing LLC acquired a new position in shares of Mistras Group in the third quarter worth $907,000. Assenagon Asset Management S.A. boosted its holdings in Mistras Group by 43.1% in the third quarter. Assenagon Asset Management S.A. now owns 97,808 shares of the technology company's stock valued at $1,112,000 after purchasing an additional 29,457 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake 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 worth $212,000 after purchasing an additional 3,327 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.
About Mistras Group
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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.
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