NEW YORK ( TheStreet) -- Mistras Group (NYSE: MG) hit a new 52-week high Thursday as it is currently trading at $21.90, above its previous 52-week high of $21.18 with 246,888 shares traded as of three p.m. ET. Average volume has been 201,500 shares over the past 30 days.

Mistras Group has a market cap of $548.4 million and is part of the services sector and diversified services industry. Shares are up 47% year to date as of the close of trading on Wednesday.

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 30, below the average diversified services industry P/E ratio of 32.5 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Mistras Group Ratings Report.

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