B. Riley Initiates Coverage on Mirion Technologies (NYSE:MIR)

Stock analysts at B. Riley initiated coverage on shares of Mirion Technologies (NYSE:MIR) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $14.00 price target on the stock. B. Riley’s price objective suggests a potential upside of 26.70% from the stock’s previous close.

Mirion Technologies Stock Up 0.3 %

Shares of NYSE MIR opened at $11.05 on Thursday. Mirion Technologies has a 52 week low of $6.70 and a 52 week high of $11.78. The business has a 50-day simple moving average of $10.40 and a two-hundred day simple moving average of $10.59. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.57 billion, a P/E ratio of -26.95 and a beta of 0.79.

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

Insider Buying and Selling at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $10.87, for a total value of $81,525.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,783,464.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Emmanuelle Lee sold 5,000 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $10.87, for a total value of $81,525.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,783,464.79. The disclosure for this sale can be found here. Insiders have sold a total of 54,639 shares of company stock valued at $568,947 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of large investors have recently bought and sold shares of the stock. Algert Global LLC purchased a new position in Mirion Technologies in the 2nd quarter worth approximately $189,000. The Manufacturers Life Insurance Company increased its stake in Mirion Technologies by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 110,022 shares of the company’s stock worth $1,182,000 after purchasing an additional 4,957 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 purchasing an additional 446,034 shares during the period. Maverick Capital Ltd. increased its stake in Mirion Technologies by 291.9% in the 2nd quarter. Maverick Capital Ltd. now owns 159,811 shares of the company’s stock worth $1,716,000 after purchasing an additional 119,037 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Mirion Technologies by 456.7% in the 2nd quarter. Squarepoint Ops LLC now owns 152,070 shares of the company’s stock worth $1,633,000 after purchasing an additional 124,752 shares during the period. 78.51% of the stock is owned by hedge funds and other 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.