Mistras Group, Inc. (NYSE:MG) Sees Significant Growth in Short Interest

Mistras Group, Inc. (NYSE:MG) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 224,700 shares, an increase of 37.1% from the December 31st total of 163,900 shares. Based on an average trading volume of 147,400 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.2% of the shares of the company are sold short.

Mistras Group Price Performance

MG stock traded down $0.12 during trading on Friday, hitting $9.94. The company had a trading volume of 102,707 shares, compared to its average volume of 107,459. The firm has a market capitalization of $308.18 million, a price-to-earnings ratio of 28.39, a P/E/G ratio of 0.72 and a beta of 1.77. The business has a 50 day moving average of $9.24 and a 200 day moving average of $10.08. Mistras Group has a fifty-two week low of $7.45 and a fifty-two week high of $12.44. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). The company had revenue of $182.69 million during the quarter, compared to analyst estimates of $185.04 million. Mistras Group had a return on equity of 9.32% and a net margin of 1.52%. During the same period in the previous year, the company earned $0.18 EPS. As a group, research analysts predict that Mistras Group will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Mistras Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mill Road Capital Management LLC raised its position in Mistras Group by 4.7% in the third quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company’s stock worth $18,182,000 after acquiring an additional 72,025 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Mistras Group by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock worth $10,874,000 after buying an additional 44,550 shares during the period. Geode Capital Management LLC raised its holdings in Mistras Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock worth $5,156,000 after buying an additional 4,014 shares during the period. Foundry Partners LLC raised its holdings in Mistras Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 379,713 shares of the technology company’s stock worth $4,317,000 after buying an additional 3,593 shares during the period. Finally, State Street Corp raised its holdings in Mistras Group by 4.8% during the 3rd quarter. State Street Corp now owns 317,579 shares of the technology company’s stock worth $3,611,000 after buying an additional 14,651 shares during the period. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Company Profile

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.