Mistras Group, Inc. (NYSE:MG – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 55,800 shares, a drop of 24.9% from the August 15th total of 74,300 shares. Based on an average trading volume of 111,900 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.
Mistras Group Stock Performance
Shares of NYSE:MG traded up $0.11 during trading on Friday, hitting $10.77. 62,894 shares of the stock traded hands, compared to its average volume of 85,889. The company has a quick ratio of 1.56, a current ratio of 1.69 and a debt-to-equity ratio of 1.04. The company has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $9.31. Mistras Group has a 52-week low of $4.96 and a 52-week high of $12.27. The company has a market cap of $333.65 million, a price-to-earnings ratio of -28.34 and a beta of 1.72.
Mistras Group (NYSE:MG – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The company had revenue of $189.77 million during the quarter, compared to analysts’ expectations of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. As a group, equities analysts predict that Mistras Group will post 0.8 EPS for the current year.
Hedge Funds Weigh In On Mistras Group
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.
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