Mistras Group (NYSE:MG) Posts Earnings Results, Beats Expectations By $0.11 EPS

Mistras Group (NYSE:MG) announced its quarterly earnings data on Wednesday. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11, Zacks reports. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%.

Mistras Group Stock Down 1.2 %

MG stock traded down $0.11 during mid-day trading on Wednesday, reaching $9.19. The company had a trading volume of 189,971 shares, compared to its average volume of 103,190. The company has a market capitalization of $285.01 million, a price-to-earnings ratio of 26.26, a PEG ratio of 0.73 and a beta of 1.76. Mistras Group has a 52 week low of $7.45 and a 52 week high of $12.44. The stock has a 50 day simple moving average of $9.61 and a two-hundred day simple moving average of $10.09. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th.

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.