Surging Rank, Surging Stock; Why Mistras Group (MG) is a Winner - Tale of the Tape
January 22 2014 - 8:30AM
Zacks
One company that should be on your
radar is Mistras Group, Inc. (MG). The stock of
this Computer and Technology sector has seen its Zacks Rank surge
over the past four weeks, moving from Hold territory to its current
position as a Strong Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For MG’s full year estimate,
we have seen 3 estimates go higher in the past 30 days while no
downward estimate revision was observed in the same time period.
This trend has helped the consensus estimate to trend higher,
increasing from 80 cents a share a month ago to its current level
at 91 cents a share.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, MG has seen some pretty solid
trading lately, as the company has moved higher by 16.8% in the
past month.
If Mistras Group can keep up this great momentum on the earnings
estimate front and continue to impress analysts, we could see more
gains ahead for this company, suggesting that you might want to put
MG on your watch list for the future.
Other top-ranked stocks worth considering in the Computer and
Technology sector include Richardson Electronics
Ltd. (RELL), Ametek Inc. (AME) and
Geospace Technologies Corporation (GEOS). All
these stocks carry a Zacks Rank #2 (Buy).
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