Mirion Technologies (NYSE:MIR) Hits New 52-Week High After Analyst Upgrade

Mirion Technologies, Inc. (NYSE:MIR)’s stock price reached a new 52-week high on Thursday after Citigroup raised their price target on the stock from $17.00 to $18.00. Citigroup currently has a buy rating on the stock. Mirion Technologies traded as high as $15.17 and last traded at $15.13, with a volume of 174174 shares changing hands. The stock had previously closed at $14.75.

MIR has been the subject of several other reports. B. Riley initiated coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday.

Insider Buying and Selling

In related news, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total value of $53,000.00. Following the completion of the transaction, the insider now owns 138,193 shares of the company’s stock, valued at approximately $1,464,845.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emmanuelle Lee sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total transaction of $53,000.00. Following the transaction, the insider now owns 138,193 shares in the company, valued at $1,464,845.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,639 shares of company stock valued at $539,247. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

A number of large investors have recently made changes to their positions in MIR. Innealta Capital LLC purchased a new position in Mirion Technologies during the second quarter worth about $39,000. Central Pacific Bank Trust Division purchased a new stake in Mirion Technologies during the 1st quarter worth approximately $85,000. Integrated Advisors Network LLC acquired a new stake in Mirion Technologies during the 3rd quarter worth approximately $120,000. Algert Global LLC acquired a new position in shares of Mirion Technologies in the second quarter worth $189,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Mirion Technologies during the first quarter worth $226,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Stock Performance

The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -43.09 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.55. The firm has a 50 day moving average price of $11.82 and a 200-day moving average price of $11.02.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Mirion Technologies had a positive return on equity of 4.35% and a negative net margin of 7.84%. The business had revenue of $207.10 million during the quarter, compared to the consensus estimate of $210.77 million. During the same period in the previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that Mirion Technologies, Inc. will post 0.31 earnings per share for the current fiscal year.

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.