Mirion Technologies (NYSE:MIR) Reaches New 1-Year High After Analyst Upgrade

Mirion Technologies, Inc. (NYSE:MIR)’s share price reached a new 52-week high during mid-day trading on Thursday after Citigroup raised their price target on the stock from $17.00 to $18.00. Citigroup currently has a buy rating on the stock. Mirion Technologies traded as high as $15.17 and last traded at $15.13, with a volume of 174174 shares trading hands. The stock had previously closed at $14.75.

Other research analysts have also issued research reports about the company. B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock. The Goldman Sachs Group upped their target price on Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday.

Insider Activity at Mirion Technologies

In related news, insider Loic Eloy sold 22,139 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total transaction of $219,397.49. Following the transaction, the insider now owns 177,663 shares of the company’s stock, valued at $1,760,640.33. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Loic Eloy sold 22,139 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total value of $219,397.49. Following the completion of the sale, the insider now owns 177,663 shares in the company, valued at $1,760,640.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $11.00, for a total transaction of $82,500.00. Following the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,984,187. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,639 shares of company stock valued at $539,247. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Mirion Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Mirion Technologies in the 1st quarter valued at $563,000. Capstone Investment Advisors LLC purchased a new stake in Mirion Technologies during the first quarter worth about $538,000. Central Pacific Bank Trust Division purchased a new stake in Mirion Technologies during the first quarter worth about $85,000. Essex Investment Management Co. LLC raised its position in Mirion Technologies by 0.6% in the first quarter. Essex Investment Management Co. LLC now owns 259,500 shares of the company’s stock worth $2,951,000 after acquiring an additional 1,427 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Mirion Technologies by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 36,017 shares of the company’s stock valued at $410,000 after acquiring an additional 2,833 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Stock Performance

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 has a market cap of $3.44 billion, a PE ratio of -43.53 and a beta of 0.79. The company’s 50 day moving average price is $11.67 and its 200-day moving average price is $10.96.

Mirion Technologies (NYSE:MIR) last released its earnings results on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $207.10 million during the quarter, compared to the consensus estimate of $210.77 million. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.31 earnings per share for the current fiscal year.

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.