Tranche Update on Mistras Group, Inc. (NYSE:MG)'s Equity Buyback Plan announced on October 7, 2015.
January 04, 2017 at 09:14 pm
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From September 1, 2016 to November 30, 2016, the company has repurchased 327,463 shares, representing 1.12% for $6.99 million. With this, the company has completed the repurchase of 327,463 shares, representing 1.12% for $6.99 million under the buyback announced on October 7, 2015.
Mistras Group, Inc. is a provider of integrated technology-enabled asset protection solutions. The Companyâs segments include North America, International and Products and Systems. Its North America segment provides asset protection solutions in the United States and Canada, which consists primarily of non-destructive testing, inspection, mechanical and engineering services that are used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure and commercial aerospace components. Software, digital and data services are included in this segment. Its International segment offers services, products and systems similar to those of the other segments to select markets within Europe, the Middle East, Africa, Asia and South America. Its Products and Systems segment designs, manufactures, sells, installs and services its asset protection products and systems, including equipment and instrumentation, predominantly in the United States.