Mistras Group (MG) Earning Very Favorable Press Coverage, Study Shows

Media headlines about Mistras Group (NYSE:MG) have been trending very positive this week, according to Alpha One Sentiment. The research group, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public 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 0.51 on Alpha One’s scale. Alpha One also assigned press coverage about the technology company an impact score of 97 out of 100, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:

A number of research analysts recently issued reports on the stock. Scotiabank restated an “outperform” rating and set a $65.00 price objective on shares of Mistras Group in a report on Monday, February 27th. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. Bank of America Corp cut shares of Mistras Group from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Friday, March 17th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $47.00 price target on shares of Mistras Group in a report on Friday, May 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.50.

Mistras Group (NYSE:MG) traded up 0.70% during trading on Friday, hitting $21.50. 48,269 shares of the company traded hands. The company has a market capitalization of $612.49 million, a P/E ratio of 43.09 and a beta of 1.20. Mistras Group has a 12-month low of $19.49 and a 12-month high of $26.46. The stock has a 50 day moving average price of $21.62 and a 200 day moving average price of $22.69.

Mistras Group (NYSE:MG) last announced its earnings results on Monday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $163.32 million for the quarter, compared to analysts’ expectations of $160.09 million. Mistras Group had a return on equity of 8.75% and a net margin of 3.00%. On average, equities analysts anticipate that Mistras Group will post $0.71 earnings per share for the current year.

In other Mistras Group news, insider Dennis Bertolotti sold 5,000 shares of Mistras Group stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $22.52, for a total transaction of $112,600.00. Following the completion of the sale, the insider now directly owns 126,477 shares of the company’s stock, valued at approximately $2,848,262.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nicholas Debenedictis purchased 2,500 shares of Mistras Group stock in a transaction dated Friday, March 24th. The stock was bought at an average cost of $20.25 per share, with a total value of $50,625.00. Following the completion of the transaction, the director now owns 16,479 shares in the company, valued at approximately $333,699.75. The disclosure for this purchase can be found here. Insiders sold 196,777 shares of company stock worth $4,282,110 over the last three months. Insiders own 45.60% of the company’s stock.

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