Mirion Technologies (NYSE:MIR) Trading 5.6% Higher – Should You Buy?

Mirion Technologies, Inc. (NYSE:MIR)’s stock price was up 5.6% on Wednesday . The company traded as high as $15.54 and last traded at $15.56. Approximately 1,647,094 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 2,153,865 shares. The stock had previously closed at $14.74.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MIR. Robert W. Baird assumed coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price objective for the company. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Citigroup increased their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group lifted their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $19.25.

Mirion Technologies Trading Up 5.2 %

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 business has a 50-day moving average of $17.10 and a 200-day moving average of $13.71. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of -45.62 and a beta of 0.75.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.33 earnings per share for the current year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 the stock. State Street Corp boosted its stake in Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock worth $59,399,000 after buying an additional 138,648 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Mirion Technologies by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after acquiring an additional 147,408 shares in the last quarter. Corsair Capital Management L.P. increased its stake in Mirion Technologies by 83.9% in the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after acquiring an additional 1,441,846 shares during the period. ArrowMark Colorado Holdings LLC lifted its stake in Mirion Technologies by 8.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company’s stock worth $33,211,000 after purchasing an additional 241,334 shares during the period. Finally, Artemis Investment Management LLP acquired a new stake in Mirion Technologies during the fourth quarter valued at approximately $38,155,000. Institutional investors own 78.51% of the company’s stock.

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.