Mistras Group (NYSE:MG) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Mistras Group, Inc. (NYSE:MG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.74 and traded as high as $11.18. Mistras Group shares last traded at $10.84, with a volume of 92,848 shares traded.

Mistras Group Stock Down 1.2 %

The company has a 50 day moving average of $11.31 and a two-hundred day moving average of $9.74. The company has a current ratio of 1.69, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04.

Mistras Group (NYSE:MG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.06. The company had revenue of $189.77 million during the quarter, compared to the consensus estimate of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. As a group, sell-side analysts predict that Mistras Group, Inc. will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling at Mistras Group

In related news, EVP Michael J. Lange sold 6,111 shares of Mistras Group stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $11.17, for a total value of $68,259.87. Following the transaction, the executive vice president now owns 240,515 shares of the company's stock, valued at approximately $2,686,552.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Michael J. Lange sold 12,827 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $10.79, for a total value of $138,403.33. Following the completion of the sale, the executive vice president now owns 265,176 shares of the company's stock, valued at $2,861,249.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael J. Lange sold 6,111 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $11.17, for a total value of $68,259.87. Following the transaction, the executive vice president now directly owns 240,515 shares in the company, valued at $2,686,552.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,644 shares of company stock valued at $478,923. Corporate insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Mistras Group

Several institutional investors and hedge funds have recently bought and sold shares of MG. Rhumbline Advisers raised its holdings in shares of Mistras Group by 12.3% during the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company's stock worth $218,000 after acquiring an additional 2,884 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Mistras Group by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 14,536 shares of the technology company's stock valued at $121,000 after buying an additional 3,143 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 buying an additional 3,327 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Mistras Group by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company's stock valued at $432,000 after buying an additional 3,665 shares in the last quarter. Finally, Heron Bay Capital Management increased its stake in shares of Mistras Group by 43.0% during the 1st quarter. Heron Bay Capital Management now owns 14,907 shares of the technology company's stock worth $143,000 after purchasing an additional 4,479 shares during the last quarter. Hedge funds and other institutional investors own 74.92% of the company's stock.

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.