Mirion Technologies (NYSE:MIR) Sets New 12-Month High – Time to Buy?

Mirion Technologies, Inc. (NYSE:MIR) reached a new 52-week high on Tuesday . The stock traded as high as $16.00 and last traded at $15.97, with a volume of 569439 shares traded. The stock had previously closed at $15.68.

Wall Street Analyst Weigh In

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

Mirion Technologies Trading Down 1.1 %

The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $11.41.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data 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 firm had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. Sell-side analysts expect that Mirion Technologies, Inc. will post 0.36 EPS for the current fiscal year.

Insider Activity

In other Mirion Technologies news, 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 transaction of $48,589.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the company’s 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 owns 1,544,017 shares in the company, valued at approximately $16,984,187. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,905 shares of company stock worth $368,439 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

A number of institutional investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Mirion Technologies during the second quarter worth about $39,000. Quest Partners LLC grew its stake in Mirion Technologies by 680.5% during the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock worth $74,000 after buying an additional 5,866 shares during the last quarter. Integrated Advisors Network LLC bought a new stake in Mirion Technologies in the third quarter valued at $120,000. Paloma Partners Management Co bought a new stake in Mirion Technologies in the third quarter valued at $122,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Mirion Technologies during the third quarter valued at $147,000. 78.51% of the stock is currently owned by institutional investors.

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.