Mirion Technologies (NYSE:MIR) Sees Unusually-High Trading Volume – Should You Buy?

Mirion Technologies, Inc. (NYSE:MIR) shares saw unusually-strong trading volume on Wednesday . Approximately 1,170,451 shares changed hands during trading, an increase of 3% from the previous session’s volume of 1,131,087 shares.The stock last traded at $13.29 and had previously closed at $12.66.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price on the stock.

Mirion Technologies Stock Performance

The company has a market cap of $2.96 billion, a price-to-earnings ratio of -32.44 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.55. The stock has a 50-day moving average price of $10.49 and a 200 day moving average price of $10.64.

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

Insider Buying and Selling

In related news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $10.80, for a total transaction of $54,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $10.87, for a total value of $81,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,783,464.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Emmanuelle Lee sold 5,000 shares of the firm’s 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 disclosure for this sale can be found here. Over the last three months, insiders sold 54,639 shares of company stock worth $568,947. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Swedbank AB acquired a new stake in Mirion Technologies during the 1st quarter worth approximately $122,546,000. American Century Companies Inc. grew its position in Mirion Technologies by 61.9% during the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock worth $42,343,000 after acquiring an additional 1,507,101 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mirion Technologies by 20.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock valued at $65,642,000 after acquiring an additional 1,031,966 shares during the period. Nomura Holdings Inc. raised its position 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 acquiring an additional 493,939 shares during the last quarter. Finally, Nicholas Investment Partners LP bought a new position in Mirion Technologies during the second quarter worth $5,223,000. 78.51% of the stock is currently owned by institutional investors.

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.