Mirion Technologies (NYSE:MIR) Shares Gap Down to $10.02

Mirion Technologies, Inc. (NYSE:MIR)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.02, but opened at $9.59. Mirion Technologies shares last traded at $10.08, with a volume of 498,754 shares traded.

Mirion Technologies Stock Performance

The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -24.45 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 2.18. The company’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $10.56.

Mirion Technologies (NYSE:MIR) last released its earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $207.10 million for the quarter, compared to analysts’ expectations of $210.77 million. Mirion Technologies had a negative net margin of 7.80% and a positive return on equity of 3.81%. Mirion Technologies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS.

Insider Transactions at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $10.89, for a total value of $81,675.00. Following the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,814,345.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total value of $54,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $10.89, for a total transaction of $81,675.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,814,345.13. The disclosure for this sale can be found here. Insiders have sold 54,639 shares of company stock valued at $572,897 in the last quarter. Insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Mirion Technologies by 40.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,738,900 shares of the company’s stock worth $38,325,000 after purchasing an additional 1,071,810 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Mirion Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock worth $242,272,000 after purchasing an additional 159,404 shares during the period. P2 Capital Partners LLC boosted its holdings in shares of Mirion Technologies by 8.8% during the fourth quarter. P2 Capital Partners LLC now owns 5,847,122 shares of the company’s stock worth $59,933,000 after purchasing an additional 474,414 shares during the period. Nomura Holdings Inc. boosted its holdings in shares of Mirion Technologies by 11.2% during the fourth quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company’s stock worth $50,395,000 after purchasing an additional 493,939 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Mirion Technologies by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock valued at $8,772,000 after acquiring an additional 97,887 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.