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

Mistras Group, Inc. (NYSE:MG) was the target 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. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 147,400 shares, the short-interest ratio is presently 1.5 days.

Mistras Group Stock Performance

Mistras Group stock traded down $0.12 during midday trading on Friday, reaching $9.94. The stock had a trading volume of 102,707 shares, compared to its average volume of 107,459. The firm has a market capitalization of $308.18 million, a PE ratio of 28.39, a P/E/G ratio of 0.72 and a beta of 1.77. Mistras Group has a 12 month low of $7.45 and a 12 month high of $12.44. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The firm’s 50-day moving average price is $9.24 and its 200 day moving average price is $10.08.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). The business had revenue of $182.69 million during the quarter, compared to the consensus estimate of $185.04 million. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%. During the same period last year, the firm earned $0.18 EPS. As a group, research analysts predict that Mistras Group will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mistras Group

A number of hedge funds and other institutional investors have recently bought and sold shares of MG. Barclays PLC grew its stake in 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 in the last quarter. Geode Capital Management LLC grew its position 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 valued at $5,156,000 after purchasing an additional 4,014 shares in the last quarter. State Street Corp increased its holdings in shares of Mistras Group by 4.8% in the third quarter. State Street Corp now owns 317,579 shares of the technology company’s stock worth $3,611,000 after purchasing an additional 14,651 shares during the period. JPMorgan Chase & Co. raised its position in shares of Mistras Group by 554.4% in the third quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock worth $711,000 after buying an additional 52,960 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Mistras Group during the third quarter valued at $907,000. Institutional investors 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.