Mistras Group (NYSE:MG) Lowered to "Buy" Rating by StockNews.com

Mistras Group (NYSE:MG - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Tuesday.

Mistras Group Stock Performance

Shares of MG stock traded down $0.06 during midday trading on Tuesday, hitting $10.07. 54,707 shares of the company were exchanged, compared to its average volume of 99,044. The firm has a market capitalization of $312.12 million, a P/E ratio of 28.76, a PEG ratio of 0.73 and a beta of 1.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 1.68. Mistras Group has a 52 week low of $7.45 and a 52 week high of $12.44. The firm's 50 day moving average price is $9.39 and its two-hundred day moving average price is $10.12.

Institutional Investors Weigh In On Mistras Group

A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in shares of Mistras Group by 447.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company's stock worth $49,000 after purchasing an additional 4,396 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Mistras Group during the fourth quarter worth approximately $50,000. EntryPoint Capital LLC bought a new position in shares of Mistras Group during the fourth quarter worth approximately $102,000. Public Employees Retirement System of Ohio increased its holdings in shares of Mistras Group by 193.7% during the third 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 period. Finally, XTX Topco Ltd bought a new stake in shares of Mistras Group during the 3rd quarter valued at $151,000. Institutional investors 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.