StockNews.com Upgrades Mistras Group (NYSE:MG) to “Strong-Buy”

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

Mistras Group Trading Up 2.4 %

Mistras Group stock opened at $9.95 on Monday. Mistras Group has a 52 week low of $7.45 and a 52 week high of $12.44. 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 $308.55 million, a PE ratio of 28.43, a PEG ratio of 0.72 and a beta of 1.76. The business’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $10.10.

Institutional Investors Weigh In On Mistras Group

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Mistras Group by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company’s stock valued at $578,000 after purchasing an additional 2,033 shares during the period. Empowered Funds LLC boosted its stake in Mistras Group by 5.1% in the 4th quarter. Empowered Funds LLC now owns 203,302 shares of the technology company’s stock valued at $1,842,000 after buying an additional 9,788 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Mistras Group in the fourth quarter valued at $50,000. JPMorgan Chase & Co. raised its stake in Mistras Group by 554.4% during the third 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 in the last quarter. Finally, Barclays PLC lifted its holdings 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 valued at $430,000 after acquiring an additional 20,482 shares during the period. Institutional investors and hedge funds 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.