Mirion Technologies (NYSE:MIR) Reaches New 12-Month High – What’s Next?

Mirion Technologies, Inc. (NYSE:MIR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.97 and last traded at $16.97, with a volume of 2498 shares trading hands. The stock had previously closed at $16.78.

Analysts Set New Price Targets

MIR has been the subject of several analyst reports. B. Riley started coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price for the company. Citigroup increased their price objective on shares of Mirion Technologies from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

Mirion Technologies Trading Down 0.8 %

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 company has a market capitalization of $3.82 billion, a PE ratio of -48.38 and a beta of 0.73. The stock has a fifty day moving average of $13.66 and a 200 day moving average of $11.63.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. As a group, sell-side analysts predict that Mirion Technologies, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total transaction of $105,825.00. Following the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total value of $48,589.35. The disclosure for this sale can be found here. Insiders have sold a total of 23,405 shares of company stock worth $285,939 in the last three months. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Mirion Technologies by 0.8% in 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. Millennium Management LLC increased its stake in Mirion Technologies by 509.8% in the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock worth $5,730,000 after buying an additional 446,034 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Mirion Technologies during the 2nd quarter valued at about $1,890,000. Telemark Asset Management LLC purchased a new stake in Mirion Technologies in the 3rd quarter valued at about $4,428,000. Finally, Rice Hall James & Associates LLC bought a new position in Mirion Technologies in the 2nd quarter worth about $2,377,000. 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.