Mistras Group, Inc. (NYSE:MG) Short Interest Update

Mistras Group, Inc. (NYSE:MG) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 224,700 shares, an increase of 37.1% from the December 31st total of 163,900 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 147,400 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On Mistras Group

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in Mistras Group by 27.6% in the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock valued at $121,000 after acquiring an additional 3,143 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Mistras Group by 21.7% in the 3rd 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. Foundry Partners LLC increased its stake in shares of Mistras Group by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock valued at $4,317,000 after purchasing an additional 3,593 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Mistras Group during the 4th quarter worth $50,000. Institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Performance

Shares of MG stock opened at $9.94 on Friday. The company has a market capitalization of $308.18 million, a price-to-earnings ratio of 28.39, a PEG ratio of 0.72 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 52 week low of $7.45 and a 52 week high of $12.44. The company has a 50-day simple moving average of $9.24 and a 200 day simple moving average of $10.08.

Mistras Group (NYSE:MG) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The firm had revenue of $182.69 million for the quarter, compared to analyst estimates of $185.04 million. Mistras Group had a return on equity of 9.32% and a net margin of 1.52%. During the same period in the prior year, the business posted $0.18 EPS. On average, sell-side analysts predict that Mistras Group will post 0.71 earnings per share for the current year.

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.