Mistras Group Inc (NYSE:MG) Hits 52 Week Low

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Mistras Group Inc (NYSE:MG)

December 5th, 2018
Amidst falling markets Mistras Group Inc finished Tuesday’s trading session down 3.89%, a $0.65 decrease to close on $16.07. As well as the drop in value, Mistras Group Inc hit a new 52 week low of $16.01, breaking the previous low of $16.43 from earlier this August.

MG outperformed the rest of the Industrials sector which went down just 4.35% today.

Forecasts from 3 analysts suggest that Mistras Group Inc might go up significantly (37%), while Finbox has calculated (with low uncertainty) a fair value price of $19.69.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Mistras Group Inc Info

Mistras Group, Inc. provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures. The company also offers leak monitoring and detection systems to detect and locate gaseous and liquid leaks in valves, vessels, pipelines, boilers, and tanks; ultrasonic equipment; and digital radiographic systems to solve specific industrial problems. In addition, it provides technology solutions, such as Acoustic Combustion Turbine Monitoring System, an online system to detect stator blade cracks in gas turbines; TANKPAC for tank inspections; POWERPAC for monitoring discharges in critical power grid transformers; and AMS boiler tube leak detection and location monitoring systems. Further, the company offers Plant Condition Monitoring Software and Systems, an enterprise software that allows its customers to collect, store, and analyze data; Advanced Data Analysis Pattern Recognition and Neural Networks Software, which enables AE experts to develop automated remote monitoring systems; and Loose Parts Monitoring Software program to monitor, detect, and evaluate metallic loose parts in nuclear reactor coolant systems. Additionally, it provides professional engineering and consulting, and online monitoring services. The company serves oil and gas, aerospace and defense, power generation, public infrastructure, chemicals, transportation, primary metals and metalworking, pharmaceutical/biotechnology, and food processing industries, as well as research and engineering institutions. Mistras Group, Inc. was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

All amounts in USD unless otherwise indicated

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