Mirion Technologies (NYSE:MIR) Shares Gap Up After Strong Earnings

Shares of Mirion Technologies, Inc. (NYSE:MIR) gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $16.17, but opened at $16.72. Mirion Technologies shares last traded at $15.86, with a volume of 469,182 shares changing hands.

The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%.

Analyst Ratings Changes

Several equities analysts recently commented on MIR shares. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Citigroup upped their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Robert W. Baird assumed coverage on Mirion Technologies in a research report on Thursday, December 19th. They set an “outperform” rating and a $22.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mirion Technologies presently has an average rating of “Buy” and an average price target of $19.25.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of MIR. Quest Partners LLC boosted its stake in Mirion Technologies by 680.5% in the third quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock worth $74,000 after buying an additional 5,866 shares in the last quarter. US Bancorp DE increased its holdings in shares of Mirion Technologies by 3,248.7% in the fourth quarter. US Bancorp DE now owns 6,262 shares of the company’s stock worth $109,000 after buying an additional 6,075 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter valued at about $111,000. Integrated Advisors Network LLC purchased a new stake in Mirion Technologies during the 3rd quarter valued at about $120,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Mirion Technologies during the 4th quarter valued at about $120,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The firm has a 50-day moving average of $17.00 and a 200-day moving average of $14.07. The firm has a market capitalization of $3.82 billion, a P/E ratio of -48.35 and a beta of 0.73.

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.