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Mistras Group IPO priced 17% under expected mid-range

|Includes: MISTRAS Group, Inc. (MG)

Priced at $12.50, 17% under expected mid-point of $15
. Low gross margin of 33%
. Uneven quarterly progression
. Revenue somewhat recurring
. Due to ‘recession’ customers are delaying but not necessarily canceling business
. P/E ratio seems high

read more in IPO report