News stories about Mistras Group (NYSE:MG) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mistras Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.4357978670679 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- MISTRAS Group, Inc. (MG) CEO Dennis Bertolotti on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Mistras Group Inc (MG) Insider Sotirios J. Vahaviolos Sells 321,000 Shares (americanbankingnews.com)
- Mistras: 2Q Earnings Snapshot (usnews.com)
- Mistras Group (MG) Issues Quarterly Earnings Results (americanbankingnews.com)
Mistras Group traded down $0.24, hitting $22.38, on Friday, according to Marketbeat. 53,992 shares of the company were exchanged, compared to its average volume of 69,346. Mistras Group has a twelve month low of $17.00 and a twelve month high of $23.83. The stock has a market capitalization of $641.86 million, a price-to-earnings ratio of 52.05, a PEG ratio of 1.00 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.14 and a quick ratio of 2.30.
Mistras Group (NYSE:MG) last released its earnings results on Monday, August 6th. The technology company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Mistras Group had a return on equity of 6.34% and a net margin of 0.38%. The firm had revenue of $191.79 million during the quarter, compared to analysts’ expectations of $175.40 million. research analysts anticipate that Mistras Group will post 0.78 earnings per share for the current year.
Several equities research analysts recently issued reports on MG shares. Zacks Investment Research downgraded Mistras Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. ValuEngine downgraded Mistras Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Sidoti upgraded Mistras Group from a “neutral” rating to a “buy” rating in a report on Friday, June 22nd. TheStreet downgraded Mistras Group from a “b” rating to a “c-” rating in a report on Tuesday, May 8th. Finally, Bank of America downgraded Mistras Group from a “neutral” rating to an “underperform” rating in a report on Friday, May 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.00.
In other news, EVP Michael C. Keefe sold 3,651 shares of the company’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $20.02, for a total transaction of $73,093.02. Following the completion of the transaction, the executive vice president now directly owns 38,361 shares of the company’s stock, valued at approximately $767,987.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sotirios J. Vahaviolos sold 321,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $21.92, for a total value of $7,036,320.00. Following the transaction, the insider now directly owns 10,244,313 shares of the company’s stock, valued at $224,555,340.96. The disclosure for this sale can be found here. Corporate insiders own 43.50% of the company’s stock.
About Mistras Group
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.
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