MG shows a strong Piotroski trend and a prior earnings-beat streak, but failed momentum and asymmetry gates, elevated put/call positioning, and bearish insider selling weigh on the setup.
Thesis pillars
- Quality Below Floor Despite Piotroski→Stable
- Momentum And Asymmetry Gates Failed→Stable
- Elevated Put Call And Implied Vol→Stable
- +2 more pillars — see the Why tab for full reasoning
Mistras Group Inc (MG) Stock Analysis
Inst Constrain edge
Industrials · Security & Protection Services
Sell if holding. Engine safety override at $16.12: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10. Specifically: Elevated put/call ratio: 5.26; Below-average business quality; Negative price momentum.
Mistras Group provides technology-enabled industrial asset integrity and laboratory testing services - including non-destructive testing, pipeline inspections, condition monitoring and specialized engineering - to oil & gas, aerospace & defense, power & utilities, and... Read more
Sell if holding. Engine safety override at $16.12: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10. Specifically: Elevated put/call ratio: 5.26; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.9/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 28d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About Mistras Group Inc
About Mistras Group Inc
Mistras Group generated $724.0 million in revenue and $16.9 million in net income during 2025, with approximately 81% of revenue coming from its North America segment and roughly 55% tied to oil & gas industry customers such as refineries, pipelines and petrochemical facilities. The company's top ten customers accounted for approximately 36% of 2025 revenue, with no single customer exceeding 10%.
Mistras earns revenue from non-destructive testing field inspections, in-house laboratory quality-control services, mechanical maintenance, engineering consulting, and proprietary NDT equipment, much of it delivered on a recurring "run and maintain" basis at customer facilities. Its OneSuite cloud software integrates more than 90 applications for data management, while Plant Condition Management Software is used by approximately 50% of U.S. refiners along with midstream pipeline operators in Canada and Europe. Aerospace and defense customers are served primarily through a network of in-house laboratories holding Nadcap, AS9100/ISO-9001, and FAA Repair Station certifications. The company has diversified beyond its historically oil-and-gas-heavy customer base into power and utilities, chemical processing, and infrastructure end markets, and completed its "Project Phoenix" operational review - begun in 2023 - to cut costs through headcount optimization and streamlined workflows, with related cost-containment efforts continuing through 2025.
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Mistras' North America segment holds radioactive-material licenses from the U.S. Nuclear Regulatory Commission, more than 30 state regulatory agencies, and the Canadian Nuclear Safety Commission to perform radiography inspections, and its aerospace and industrial laboratories depend on maintaining ISO 9001, Nadcap, and FAA Repair Station certifications that customers require before purchasing NDT services. Losing any of these licenses or certifications - whether through an alleged compliance violation or a failed audit - would restrict Mistras from performing the specific inspection services tied to that credential, a risk distinct from the demand-cycle exposure already tied to its oil & gas customer base.
See also: Industrials · Security & Protection Services
From Mistras Group Inc's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-08Recent Developments — Mistras Group Inc
Latest news
- NEWS Under the Radar: 5 Small-Cap Stocks Wall Street Is Missing — benzinga Jun 30, 2026 neutral
Generated 2026-07-08T21:03:53Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicNorth America segment81%10-K Item 1: 'we generated approximately 81%, 81% and 82%, respectively, of our revenues from our North America segment'
- MEDIUMCustomeroil and gas industry customers55%10-K Item 1A: 'Our customers in the oil and gas industry have accounted for a substantial portion of our historical revenues. Specifically, they accounted for approximately 55%'
- MEDIUMCustomertop ten customers36%10-K Item 1: 'our top ten customers accounting for approximately 36%, 36% and 35% of our revenues during the years ended December 31, 2025, 2024 and 2023'
- MEDIUMGeographicrevenue from outside the United States30%10-K Item 1A: 'we generated approximately 30%, 31%, and 29% of our revenues outside the United States, respectively'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $16.12: Quality below floor (3.6 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10. Specifically: Elevated put/call ratio: 5.26; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $15.60. Score 4.9/10, moderate confidence.
Take-profit target: $17.85 (+10.7% upside). Prior stop was $15.60. Stop-loss: $15.60.
Concentration risk — Geographic: North America segment (81.0%); Quality below floor (3.6 < 4.0).
Mistras Group Inc trades at a P/E of 24.0 (forward 13.5). TrendMatrix value score: 7.5/10. Verdict: Sell.
11 analysts cover MG with a consensus score of 4.3/5. Average price target: $21.
What does Mistras Group Inc do?Mistras Group provides technology-enabled industrial asset integrity and laboratory testing services - including...
Mistras Group provides technology-enabled industrial asset integrity and laboratory testing services - including non-destructive testing, pipeline inspections, condition monitoring and specialized engineering - to oil & gas, aerospace & defense, power & utilities, and infrastructure customers, centralizing data through its OneSuite cloud software platform. The company generated $724.0 million in revenue and $16.9 million in net income in 2025, with approximately 81% of revenue from its North America segment and top ten customers accounting for about 36% of revenue.