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

StockNews.com upgraded shares of Mistras Group (NYSE:MG) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

Mistras Group Trading Up 0.9 %

Shares of MG stock opened at $10.04 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The stock has a market capitalization of $311.19 million, a PE ratio of 28.67, a P/E/G ratio of 0.72 and a beta of 1.76. Mistras Group has a 1-year low of $7.45 and a 1-year high of $12.44. The business has a 50-day moving average of $9.28 and a 200 day moving average of $10.11.

Hedge Funds Weigh In On Mistras Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in shares of Mistras Group by 3.3% in the fourth quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company’s stock worth $578,000 after acquiring an additional 2,033 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 worth $212,000 after acquiring an additional 3,327 shares during the period. Foundry Partners LLC increased its position in shares of Mistras Group by 1.0% during 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 Mistras Group by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock worth $5,156,000 after purchasing an additional 4,014 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of Mistras Group during the 4th quarter valued at about $50,000. 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.