News coverage about Mistras Group (NYSE:MG) has been trending very positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mistras Group earned a news sentiment score of 0.56 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Mistras Group Inc (NYSE:MG) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Zacks: Brokerages Expect Mistras Group Inc (MG) Will Announce Earnings of $0.16 Per Share (americanbankingnews.com)
- Mistras Group Inc (MG) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
- Mistras Group Inc (NYSE:MG) Short Interest Up 41.9% in July (americanbankingnews.com)
A number of analysts have weighed in on MG shares. Zacks Investment Research upgraded Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets reiterated a “market perform” rating and set a $47.00 target price on shares of Mistras Group in a research report on Friday, May 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $38.83.
Shares of Mistras Group (NYSE:MG) traded up 1.48% during midday trading on Friday, reaching $20.57. The company’s stock had a trading volume of 43,806 shares. Mistras Group has a 1-year low of $19.49 and a 1-year high of $26.46. The company has a market capitalization of $586.00 million, a P/E ratio of 41.22 and a beta of 1.15. The stock has a 50 day moving average of $21.61 and a 200-day moving average of $21.86.
Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Mistras Group had a net margin of 2.71% and a return on equity of 8.50%. The firm had revenue of $163.32 million during the quarter, compared to the consensus estimate of $160.09 million. On average, equities research analysts anticipate that Mistras Group will post $0.67 earnings per share for the current year.
In other Mistras Group news, Chairman Sotirios J. Vahaviolos sold 94,206 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $21.23, for a total value of $1,999,993.38. Following the completion of the transaction, the chairman now directly owns 10,746,509 shares of the company’s stock, valued at $228,148,386.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael C. Keefe sold 8,004 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $21.18, for a total transaction of $169,524.72. Following the completion of the transaction, the executive vice president now directly owns 49,756 shares of the company’s stock, valued at $1,053,832.08. The disclosure for this sale can be found here. Insiders have sold a total of 197,087 shares of company stock valued at $4,169,525 over the last three months. 44.70% of the stock is currently owned by insiders.
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Mistras Group Company Profile
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