Exclusive: What’s Mistras Group Inc Downside After Today’s Significant Decline?

Exclusive: What's Mistras Group Inc Downside After Today's Significant Decline?

The stock of Mistras Group Inc (NYSE:MG) is a huge mover today! The stock decreased 12.99% or $3.03 on October 7, hitting $20.3. About 532,748 shares traded hands or 479.17% up from the average. Mistras Group Inc (NYSE:MG) has risen 1.92% since March 4, 2016 and is uptrending. It has underperformed by 6.12% the S&P500.
The move comes after 6 months negative chart setup for the $592.73M company. It was reported on Oct, 7 by Barchart.com. We have $19.08 PT which if reached, will make NYSE:MG worth $35.56M less.

Mistras Group Inc (NYSE:MG) Ratings Coverage

Out of 6 analysts covering Mistras Group (NYSE:MG), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Mistras Group has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Mistras Group Inc (NYSE:MG) earned “Overweight” rating by KeyBanc Capital Markets on Monday, August 17. The firm has “Equal Weight” rating given on Friday, August 7 by Stephens. The stock has “Outperform” rating given by Robert W. Baird on Friday, August 12. The company was downgraded on Thursday, April 7 by KeyBanc Capital Markets. The stock has “Neutral” rating given by Sidoti on Wednesday, December 16.

According to Zacks Investment Research, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries.”

Insitutional Activity: The institutional sentiment decreased to 1.45 in Q2 2016. Its down 0.44, from 1.89 in 2016Q1. The ratio is negative, as 7 funds sold all Mistras Group Inc shares owned while 31 reduced positions. 14 funds bought stakes while 41 increased positions. They now own 16.02 million shares or 0.52% more from 15.94 million shares in 2016Q1.
Blackrock Institutional Na has 0% invested in the company for 348,795 shares. The Texas-based Dimensional Fund Advisors Lp has invested 0.01% in Mistras Group Inc (NYSE:MG). Rhumbline Advisers last reported 0% of its portfolio in the stock. Moreover, Blb&B Llc has 0.07% invested in Mistras Group Inc (NYSE:MG) for 15,908 shares. Swiss State Bank owns 31,300 shares or 0% of their US portfolio. Federated Invsts Pa has 33 shares for 0% of their US portfolio. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation has 0% invested in Mistras Group Inc (NYSE:MG) for 13,000 shares. Tudor Inv Corp Et Al holds 0.01% or 15,970 shares in its portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. Rockefeller holds 0.28% of its portfolio in Mistras Group Inc (NYSE:MG) for 589,705 shares. Goldman Sachs accumulated 0% or 52,283 shares. Cornerstone Cap Mngmt Ltd Liability Company holds 0% or 15,700 shares in its portfolio. Oxford Asset Mngmt last reported 0.12% of its portfolio in the stock. Timpani Cap holds 0.48% or 47,877 shares in its portfolio. D E Shaw And holds 0.01% of its portfolio in Mistras Group Inc (NYSE:MG) for 233,602 shares.

Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 1 sale for $524,370 net activity. Bertolotti Dennis sold $524,370 worth of stock.

More recent Mistras Group Inc (NYSE:MG) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 20, 2010. Also Quotes.Wsj.com published the news titled: “News Mistras Group Inc.MG” on February 11, 2011. Twst.com‘s news article titled: “MISTRAS Group Inc.: Mistras Group Realizes Strong Q1 Profits and Cash Flow …” with publication date: October 06, 2016 was also an interesting one.

MG Company Profile

Mistras Group, Inc., incorporated on October 12, 1994, offers asset protection solutions and is a global well-known provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Firm operates through three divisions: Services segment, which provides asset protection solutions predominantly in North America with the primary concentration in the United States along with a growing Canadian services business, consisting primarily of non-destructive testing, and inspection and engineering services that are used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems divisions to global markets, in Europe, the Middle East, Africa, Asia and South America, but not to clients in China and South Korea, which are served by its Products and Systems segment, and Products and Systems segment, which designs, makes, sells, installs and services its asset protection products and systems, including equipment and instrumentation, predominantly in the United States.

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