|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||17.00 / 23.83|
Investors eyeing a purchase of Mistras Group Inc stock, but tentative about paying the going market price of $19.65/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the August put at the $17.50 strike, which has a bid at the time of this writing of $1.00.
MISTRAS Group, Inc., December 21, 2017 4:01 PM
The most recent short interest data was recently released for the 10/31/2017 settlement date, and Mistras Group Inc is one of the most shorted stocks of the Russell 3000, based on 12.43 "days to cover" versus the median component at 5.18. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.
In recent trading, shares of Mistras Group Inc have crossed above the average analyst 12-month target price of $22.00, changing hands for $22.52/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
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