NEW YORK (

TheStreet

) --

Mistras Group

(NYSE:

MG

) hit a new 52-week high Wednesday as it is currently trading at $23.70, above its previous 52-week high of $23.51 with 43,033 shares traded as of 11:01 a.m. ET. Average volume has been 188,000 shares over the past 30 days.

Mistras Group has a market cap of $612.7 million and is part of the

services

sector and

diversified services

industry. Shares are up 68.1% year to date as of the close of trading on Tuesday.

Mistras Group, Inc. provides technology-enabled asset protection solutions to evaluate the structural integrity and reliability of critical energy, industrial, and public infrastructure worldwide. The company has a P/E ratio of 33.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mistras Group as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Mistras Group Ratings Report

.

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