Mistras Group (NYSE:MG) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Mistras Group (NYSE:MG) released its earnings results on Wednesday. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11, Zacks reports. Mistras Group had a net margin of 1.52% and a return on equity of 9.32%.

Mistras Group Stock Down 1.2 %

NYSE:MG traded down $0.11 on Wednesday, reaching $9.19. The stock had a trading volume of 189,466 shares, compared to its average volume of 103,140. Mistras Group has a 12-month low of $7.45 and a 12-month high of $12.44. The stock has a market cap of $285.01 million, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $9.61 and a 200 day moving average of $10.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th.

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.