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

Mirion Technologies, Inc. (NYSE:MIR)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $15.75 and last traded at $15.66, with a volume of 29178 shares trading hands. The stock had previously closed at $15.00.

Wall Street Analysts Forecast Growth

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

Mirion Technologies Price Performance

The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -45.76 and a beta of 0.73. The company’s 50 day moving average is $12.17 and its 200 day moving average is $11.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. Mirion Technologies’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share. Research analysts forecast that Mirion Technologies, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $11.00, for a total transaction of $82,500.00. Following the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,984,187. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $11.00, for a total transaction of $82,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,984,187. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the transaction, the insider now directly owns 138,193 shares in the company, valued at $1,464,845.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,905 shares of company stock worth $368,439 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently made changes to their positions in MIR. Vanguard Group Inc. lifted its position in Mirion Technologies by 0.8% during the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock worth $242,272,000 after buying an additional 159,404 shares during the period. Millennium Management LLC lifted its holdings in shares of Mirion Technologies by 509.8% during the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock worth $5,730,000 after acquiring an additional 446,034 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Mirion Technologies in the second quarter worth approximately $1,890,000. Bank of New York Mellon Corp grew its holdings in Mirion Technologies by 13.6% in the second quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock valued at $8,772,000 after purchasing an additional 97,887 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new position in Mirion Technologies during the second quarter worth approximately $2,377,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

About Mirion Technologies

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.