Mistras Group (NYSE:MG – Get Free Report) issued its earnings results on Wednesday. The technology company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $184.44 million during the quarter. Mistras Group had a positive return on equity of 3.32% and a negative net margin of 2.48%.
Mistras Group Trading Up 0.3 %
Shares of Mistras Group stock traded up $0.03 during midday trading on Thursday, reaching $9.15. 22,304 shares of the company’s stock traded hands, compared to its average volume of 74,594. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.42 and a current ratio of 1.55. The company has a market cap of $280.36 million, a PE ratio of -15.91 and a beta of 1.66. The stock has a 50 day moving average of $9.06 and a 200-day moving average of $7.70. Mistras Group has a 12 month low of $4.96 and a 12 month high of $9.85.
Insider Activity at Mistras Group
In related news, EVP Michael J. Lange sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $8.53, for a total transaction of $42,650.00. Following the completion of the transaction, the executive vice president now owns 341,838 shares in the company, valued at $2,915,878.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 12.30% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on MG
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.
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