Mistras Group (NYSE:MG) Rating Lowered to “Buy” at StockNews.com

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

Mistras Group Price Performance

MG stock opened at $9.92 on Tuesday. Mistras Group has a one year low of $7.45 and a one year high of $12.44. The company’s fifty day moving average price is $9.36 and its 200-day moving average price is $10.12. 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 company has a market capitalization of $307.62 million, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new position in Mistras Group in the 4th quarter valued at about $50,000. EntryPoint Capital LLC acquired a new position in shares of Mistras Group during the fourth quarter worth about $102,000. Public Employees Retirement System of Ohio boosted its holdings in Mistras Group by 193.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after purchasing an additional 8,298 shares in the last quarter. XTX Topco Ltd acquired a new position in Mistras Group in the third quarter valued at approximately $151,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Mistras Group by 21.7% in the third 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 in 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.