Mistras Group Inc (NYSE:MG) Short Interest Update

Mistras Group Inc (NYSE:MG) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 206,500 shares, an increase of 7.8% from the April 30th total of 191,500 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 98,700 shares, the days-to-cover ratio is presently 2.1 days.

Mistras Group stock traded up $0.08 during mid-day trading on Friday, hitting $14.91. The company had a trading volume of 46,836 shares, compared to its average volume of 83,308. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.71 and a current ratio of 1.84. The stock has a market cap of $424.82 million, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. The business has a fifty day moving average of $14.14. Mistras Group has a 1 year low of $12.38 and a 1 year high of $23.60.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, May 6th. The technology company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). Mistras Group had a positive return on equity of 4.11% and a negative net margin of 0.19%. The company had revenue of $176.79 million for the quarter, compared to analyst estimates of $183.90 million. As a group, equities analysts expect that Mistras Group will post 0.66 EPS for the current year.

In other news, Director Manuel N. Stamatakis acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $13.25 per share, with a total value of $66,250.00. Following the completion of the acquisition, the director now owns 110,286 shares of the company’s stock, valued at approximately $1,461,289.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jonathan H. Wolk acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average cost of $13.76 per share, with a total value of $34,400.00. Following the acquisition, the chief operating officer now directly owns 94,900 shares of the company’s stock, valued at approximately $1,305,824. The disclosure for this purchase can be found here. In the last three months, insiders purchased 26,041 shares of company stock valued at $359,206. 42.40% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings in Mistras Group by 0.5% during the first quarter. Rockefeller Capital Management L.P. now owns 909,021 shares of the technology company’s stock worth $12,554,000 after acquiring an additional 4,692 shares in the last quarter. Rutabaga Capital Management LLC MA lifted its holdings in Mistras Group by 7.5% during the first quarter. Rutabaga Capital Management LLC MA now owns 728,619 shares of the technology company’s stock worth $10,062,000 after acquiring an additional 50,950 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Mistras Group by 20.0% during the first quarter. Great Lakes Advisors LLC now owns 214,578 shares of the technology company’s stock worth $2,963,000 after acquiring an additional 35,811 shares in the last quarter. Red Cedar Capital LLC lifted its holdings in Mistras Group by 13.0% during the first quarter. Red Cedar Capital LLC now owns 286,104 shares of the technology company’s stock worth $3,951,000 after acquiring an additional 32,868 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC lifted its holdings in Mistras Group by 118.1% during the first quarter. Measured Wealth Private Client Group LLC now owns 27,115 shares of the technology company’s stock worth $374,000 after acquiring an additional 14,680 shares in the last quarter. 58.98% of the stock is owned by institutional investors and hedge funds.

MG has been the topic of a number of recent analyst reports. ValuEngine raised shares of Vermillion from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. TheStreet raised shares of Stitch Fix from a “d” rating to a “c-” rating in a research report on Wednesday, June 26th. Credit Suisse Group reissued an “outperform” rating and set a GBX 1,206 ($15.76) price target on shares of in a research report on Thursday, June 27th. Finally, Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.50.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

Recommended Story: Return on Investment (ROI)

Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.