Mistras Group, Inc. (NYSE:MG) Sees Significant Decline in Short Interest

Mistras Group, Inc. (NYSE:MG) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 175,900 shares, a decrease of 21.7% from the December 31st total of 224,700 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 146,400 shares, the short-interest ratio is currently 1.2 days.

Mistras Group Stock Up 1.1 %

Mistras Group stock opened at $10.07 on Friday. The stock has a 50-day simple moving average of $9.23 and a 200-day simple moving average of $10.08. The company has a market capitalization of $312.27 million, a P/E ratio of 28.77, a PEG ratio of 0.70 and a beta of 1.77. 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 fifty-two week low of $7.45 and a fifty-two week high of $12.44.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. The firm had revenue of $182.69 million during the quarter, compared to analyst estimates of $185.04 million. During the same period in the previous year, the company posted $0.18 earnings per share. Equities research analysts expect that Mistras Group will post 0.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Mistras Group by 118.5% during the third quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock worth $430,000 after purchasing an additional 20,482 shares during the last quarter. Geode Capital Management LLC raised its position in Mistras Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock worth $5,156,000 after buying an additional 4,014 shares during the last quarter. State Street Corp raised its position in Mistras Group by 4.8% during the 3rd quarter. State Street Corp now owns 317,579 shares of the technology company’s stock worth $3,611,000 after buying an additional 14,651 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Mistras Group by 554.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock worth $711,000 after acquiring an additional 52,960 shares during the period. Finally, Inspire Investing LLC purchased a new stake in shares of Mistras Group in the third quarter valued at about $907,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

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.