Mistras Group, Inc. (NYSE:MG – Get Score) noticed a big drop in brief curiosity within the month of August. As of August thirty first, there was brief curiosity totalling 155,000 shares, a drop of 27.7% from the August fifteenth complete of 214,300 shares. Based mostly on a mean buying and selling quantity of 120,400 shares, the short-interest ratio is at the moment 1.3 days. Roughly 0.9% of the shares of the inventory are offered brief.
Wall Road Analysts Forecast Development
Individually, StockNews.com raised shares of Mistras Group from a “maintain” score to a “purchase” score in a analysis word on Wednesday, July thirteenth.
Mistras Group Buying and selling Up 1.3 %
Shares of MG traded up $0.06 throughout mid-day buying and selling on Friday, reaching $4.77. The corporate had a buying and selling quantity of 127,214 shares, in comparison with its common quantity of 98,355. The inventory has a market cap of $142.17 million, a price-to-earnings ratio of 59.63 and a beta of 1.72. The agency has a fifty day easy transferring common of $5.85 and a 200-day easy transferring common of $6.00. Mistras Group has a fifty-two week low of $4.64 and a fifty-two week excessive of $11.29. The corporate has a present ratio of 1.36, a fast ratio of 1.26 and a debt-to-equity ratio of 0.97.
Hedge Funds Weigh In On Mistras Group
A lot of hedge funds have lately made adjustments to their positions within the inventory. Envestnet Asset Administration Inc. lifted its holdings in shares of Mistras Group by 11.8% in the course of the 4th quarter. Envestnet Asset Administration Inc. now owns 20,167 shares of the know-how firm’s inventory valued at $150,000 after buying an extra 2,123 shares within the final quarter. BNP Paribas Arbitrage SA lifted its holdings in Mistras Group by 249.0% within the 4th quarter. BNP Paribas Arbitrage SA now owns 20,059 shares of the know-how firm’s inventory price $149,000 after shopping for an extra 14,312 shares within the final quarter. Panagora Asset Administration Inc. lifted its holdings in Mistras Group by 169.0% within the 4th quarter. Panagora Asset Administration Inc. now owns 65,898 shares of the know-how firm’s inventory price $490,000 after shopping for an extra 41,401 shares within the final quarter. Acadian Asset Administration LLC lifted its holdings in Mistras Group by 111.8% within the 4th quarter. Acadian Asset Administration LLC now owns 46,433 shares of the know-how firm’s inventory price $343,000 after shopping for an extra 24,508 shares within the final quarter. Lastly, Invenomic Capital Administration LP lifted its holdings in Mistras Group by 16.8% within the 4th quarter. Invenomic Capital Administration LP now owns 651,816 shares of the know-how firm’s inventory price $4,843,000 after shopping for an extra 93,717 shares within the final quarter. Institutional buyers and hedge funds personal 52.36% of the corporate’s inventory.
Mistras Group Firm Profile
(Get Score)
Mistras Group, Inc supplies technology-enabled asset safety options worldwide. The corporate operates by three segments: Providers, Worldwide, and Merchandise and Techniques. It affords non-destructive testing companies; predictive upkeep assessments of fastened and rotating belongings; inline inspection for pipelines; and develops enterprise inspection database administration software program and plant situation administration software program.
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