Mistras Group Inc (NYSE: MG) stock closed at $8.45 on 10/31/24 after a major decline of -23.9%. Moreover, exceptionally high trading volume at 259% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -24.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MG is expected to be an important Value Builder.
Mistras Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Mistras Group has a neutral Appreciation Score of 44 but a very high Power Rating of 93, resulting in the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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