Mistras Group (MG) Receiving Very Positive Press Coverage, Study Finds

Headlines about Mistras Group (NYSE:MG) have trended very positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mistras Group earned a daily sentiment score of 0.56 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern’s scoring:

MG has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reissued a “market perform” rating and set a $47.00 price objective on shares of Mistras Group in a research report on Friday, May 12th. Finally, Bank of America Corporation downgraded shares of Mistras Group from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a research report on Friday, March 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $37.43.

Shares of Mistras Group (NYSE:MG) opened at 21.91 on Wednesday. Mistras Group has a 12 month low of $19.49 and a 12 month high of $26.46. The company’s 50-day moving average is $21.39 and its 200 day moving average is $22.46. The stock has a market capitalization of $624.17 million, a P/E ratio of 43.91 and a beta of 1.16.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, May 8th. The technology company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. Mistras Group had a return on equity of 8.50% and a net margin of 2.71%. The business had revenue of $163.32 million for the quarter, compared to analyst estimates of $160.09 million. Equities research analysts predict that Mistras Group will post $0.71 earnings per share for the current year.

In other news, 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 sale, the executive vice president now owns 49,756 shares in the company, valued at $1,053,832.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Sotirios J. Vahaviolos sold 94,607 shares of the business’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $21.14, for a total value of $1,999,991.98. Following the sale, the chairman now owns 10,945,868 shares in the company, valued at approximately $231,395,649.52. The disclosure for this sale can be found here. Insiders have sold 196,817 shares of company stock worth $4,169,510 in the last 90 days. Insiders own 45.60% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by BBNS and is owned by of BBNS. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/mistras-group-mg-receiving-very-positive-press-coverage-study-finds/1179826.html.

About Mistras Group

Insider Buying and Selling by Quarter for Mistras Group (NYSE:MG)

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

 


Latest News

Veteran Pitcher Bartolo Colon Considering Retirement
Veteran Pitcher Bartolo Colon Considering Retirement
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base


Leave a Reply

 
© 2006-2017 BBNS.