Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis Buys 1,038 Shares of Stock

Mistras Group, Inc. (NYSE:MG) Director Nicholas Debenedictis bought 1,038 shares of Mistras Group stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $10.01 per share, with a total value of $10,390.38. Following the completion of the transaction, the director now owns 227,511 shares of the company’s stock, valued at $2,277,385.11. This represents a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nicholas Debenedictis also recently made the following trade(s):

• On Tuesday, March 18th, Nicholas Debenedictis purchased 10,000 shares of Mistras Group stock. The shares were acquired at an average price of $9.84 per share, for a total transaction of $98,400.00.

Mistras Group Stock Down 0.5 %

Shares of NYSE MG opened at $10.02 on Friday. The firm has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $9.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. Mistras Group, Inc. has a 1 year low of $7.45 and a 1 year high of $12.44. The company has a market cap of $310.94 million, a P/E ratio of 28.63, a PEG ratio of 0.73 and a beta of 1.67.

Analyst Ratings Changes

Separately, StockNews.com cut Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th.

Institutional Investors Weigh In On Mistras Group

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Mistras Group by 447.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,379 shares of the technology company’s stock worth $49,000 after acquiring an additional 4,396 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Mistras Group in the 4th quarter valued at $50,000. Sherbrooke Park Advisers LLC purchased a new position in Mistras Group during the 4th quarter worth $96,000. EntryPoint Capital LLC acquired a new stake in shares of Mistras Group in the 4th quarter worth $102,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Mistras Group in the fourth quarter valued at about $124,000. 74.92% of the stock is owned by hedge funds and other institutional investors.

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.