Mirion Technologies (NYSE:MIR) Sets New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Mirion Technologies Stock Up 4.1 %

The firm’s 50 day moving average is $12.86 and its two-hundred day moving average is $11.37. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -47.06 and a beta of 0.73. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last posted 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 negative net margin of 7.84% and a positive return on equity of 4.33%. The company had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. During the same period in the prior year, the company earned $0.03 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

Insider Buying and Selling at Mirion Technologies

In other news, insider Emmanuelle Lee sold 3,405 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.27, for a total value of $48,589.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $16,984,187. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,905 shares of company stock valued at $368,439. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC boosted its position in Mirion Technologies by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 36,017 shares of the company’s stock valued at $410,000 after purchasing an additional 2,833 shares during the period. Vanguard Group Inc. lifted its holdings in Mirion Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock worth $242,272,000 after purchasing an additional 159,404 shares during the period. Carlson Capital L P grew its position in Mirion Technologies by 14.7% in the 1st quarter. Carlson Capital L P now owns 618,478 shares of the company’s stock valued at $7,032,000 after buying an additional 79,414 shares in the last quarter. Lazard Asset Management LLC increased its stake in Mirion Technologies by 19.8% during the 1st quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock valued at $258,000 after buying an additional 3,753 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Mirion Technologies by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company’s stock worth $1,268,000 after acquiring an additional 7,264 shares during the period. Institutional investors and hedge funds 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.