Somewhat Favorable Media Coverage Extremely Likely to Impact Mistras Group (MG) Share Price

Headlines about Mistras Group (NYSE:MG) have trended somewhat positive on Thursday, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mistras Group earned a media sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also assigned media coverage about the technology company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the news headlines that may have impacted AlphaOne’s scoring:

Several research firms have recently issued reports on MG. Scotiabank reissued an “outperform” rating and set a $65.00 target price on shares of Mistras Group in a research note on Friday, January 6th. Zacks Investment Research lowered shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Friday, January 6th. Bank of America Corp lowered shares of Mistras Group from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Friday, March 17th. Finally, Canaccord Genuity initiated coverage on shares of Mistras Group in a research note on Tuesday, January 10th. They issued a “hold” rating and a $25.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Mistras Group has an average rating of “Hold” and a consensus target price of $37.29.

Shares of Mistras Group (NYSE:MG) traded up 3.03% during mid-day trading on Thursday, hitting $21.77. 76,303 shares of the stock were exchanged. Mistras Group has a one year low of $19.49 and a one year high of $26.46. The company has a 50-day moving average of $21.34 and a 200 day moving average of $22.58. The stock has a market cap of $624.17 million, a PE ratio of 39.65 and a beta of 1.20.

In other Mistras Group news, Director Nicholas Debenedictis bought 2,500 shares of Mistras Group stock in a transaction on Friday, March 24th. The stock was purchased at an average cost of $20.25 per share, for a total transaction of $50,625.00. Following the completion of the purchase, the director now directly owns 16,479 shares of the company’s stock, valued at $333,699.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Sotirios J. Vahaviolos sold 94,607 shares of Mistras Group stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $21.14, for a total transaction of $1,999,991.98. Following the completion of the sale, the chairman now owns 10,945,868 shares of the company’s stock, valued at $231,395,649.52. The disclosure for this sale can be found here. Insiders sold 274,758 shares of company stock valued at $6,112,596 over the last quarter. Corporate insiders own 45.60% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Media Coverage Extremely Likely to Impact Mistras Group (MG) Share Price” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/20/mistras-group-mg-getting-somewhat-favorable-news-coverage-report-shows-2-updated.html.

Mistras Group Company Profile

5 Day Chart for 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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply