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

Mistras Group, Inc. (NYSE:MG) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 55,800 shares, a drop of 24.9% from the August 15th total of 74,300 shares. Based on an average trading volume of 111,900 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Mistras Group Stock Performance

Shares of NYSE:MG traded up $0.11 during trading on Friday, hitting $10.77. 62,894 shares of the stock traded hands, compared to its average volume of 85,889. The company has a quick ratio of 1.56, a current ratio of 1.69 and a debt-to-equity ratio of 1.04. The company has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $9.31. Mistras Group has a 52-week low of $4.96 and a 52-week high of $12.27. The company has a market cap of $333.65 million, a price-to-earnings ratio of -28.34 and a beta of 1.72.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The company had revenue of $189.77 million during the quarter, compared to analysts’ expectations of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. As a group, equities analysts predict that Mistras Group will post 0.8 EPS for the current year.

Hedge Funds Weigh In On Mistras Group

Large investors have recently bought and sold shares of the business. Verdad Advisers LP increased its stake in shares of Mistras Group by 12.0% during the fourth quarter. Verdad Advisers LP now owns 112,000 shares of the technology company’s stock worth $820,000 after purchasing an additional 12,000 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Mistras Group by 8.2% in the first quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock valued at $1,631,000 after acquiring an additional 12,884 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Mistras Group in the fourth quarter worth approximately $106,000. O Shaughnessy Asset Management LLC increased its position in shares of Mistras Group by 5.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 82,663 shares of the technology company’s stock worth $790,000 after purchasing an additional 4,517 shares in the last quarter. Finally, Mill Road Capital Management LLC raised its stake in Mistras Group by 0.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock valued at $11,089,000 after purchasing an additional 9,779 shares during the last quarter. 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.