Mistras Group (MG) Getting Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Mistras Group (NYSE:MG) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mistras Group earned a news impact score of 0.11 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 43.48563695502 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

MG has been the subject of a number of recent research reports. KeyCorp reissued a “hold” rating on shares of Mistras Group in a research report on Friday, August 25th. Robert W. Baird downgraded shares of Mistras Group from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $22.00 in a research report on Monday, October 2nd. Goldman Sachs Group downgraded shares of Mistras Group from a “neutral” rating to a “sell” rating and cut their price objective for the company from $45.00 to $41.00 in a research report on Monday, October 16th. Canaccord Genuity boosted their price objective on shares of Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research report on Saturday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $34.71.

Mistras Group (NYSE:MG) opened at $22.21 on Friday. Mistras Group has a one year low of $17.00 and a one year high of $26.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.08 and a current ratio of 2.21. The firm has a market cap of $628.34, a price-to-earnings ratio of -1,110.50 and a beta of 1.18.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Mistras Group had a net margin of 0.68% and a return on equity of 6.16%. The firm had revenue of $179.57 million for the quarter, compared to analysts’ expectations of $172.28 million. research analysts expect that Mistras Group will post 0.46 earnings per share for the current year.

In other Mistras Group news, EVP Michael C. Keefe sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $22.80, for a total transaction of $91,200.00. Following the sale, the executive vice president now owns 38,761 shares in the company, valued at $883,750.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 44.70% of the company’s stock.

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