Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange Sells 24,706 Shares

Mistras Group, Inc. (NYSE:MG) EVP Michael J. Lange sold 24,706 shares of Mistras Group stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.02, for a total value of $272,260.12. Following the completion of the transaction, the executive vice president now owns 278,003 shares of the company’s stock, valued at $3,063,593.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mistras Group Stock Up 3.7 %

Shares of NYSE MG opened at $11.28 on Monday. 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 market cap of $349.31 million, a P/E ratio of -29.68 and a beta of 1.72. Mistras Group, Inc. has a 52 week low of $4.96 and a 52 week high of $12.27. The business has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $9.40.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.21 EPS 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 analyst estimates of $188.30 million. Mistras Group had a negative net margin of 0.74% and a positive return on equity of 9.19%. Research analysts anticipate that Mistras Group, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in shares of Mistras Group during the 4th quarter valued at about $106,000. American Century Companies Inc. lifted its position in Mistras Group by 27.6% during the second quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock valued at $121,000 after purchasing an additional 3,143 shares during the last quarter. Heron Bay Capital Management lifted its position in Mistras Group by 43.0% during the first quarter. Heron Bay Capital Management now owns 14,907 shares of the technology company’s stock valued at $143,000 after purchasing an additional 4,479 shares during the last quarter. Rhumbline Advisers grew its stake in Mistras Group by 12.3% in the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after buying an additional 2,884 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Mistras Group by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 45,150 shares of the technology company’s stock worth $432,000 after buying an additional 3,665 shares during the last quarter. 74.92% of the stock is owned by institutional investors.

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.