Mirion Technologies (NYSE:MIR) Sets New 52-Week High – Still a Buy?

Mirion Technologies, Inc. (NYSE:MIR)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.65 and last traded at $20.49, with a volume of 3773042 shares traded. The stock had previously closed at $19.89.

Analyst Upgrades and Downgrades

MIR has been the subject of a number of research analyst reports. Robert W. Baird cut their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Citigroup decreased their price objective on Mirion Technologies from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, B. Riley lowered their target price on shares of Mirion Technologies from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mirion Technologies currently has a consensus rating of “Buy” and an average target price of $18.75.

Mirion Technologies Stock Up 2.0%

The stock has a market cap of $4.67 billion, a P/E ratio of -106.02 and a beta of 0.80. The company’s 50 day moving average price is $16.52 and its two-hundred day moving average price is $16.30. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $202.00 million for the quarter, compared to analysts’ expectations of $199.34 million. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. As a group, research analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the completion of the transaction, the director now owns 61,287 shares in the company, valued at $1,099,488.78. The trade was a 89.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Mirion Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Xponance Inc. increased its stake in Mirion Technologies by 5.7% during the 1st quarter. Xponance Inc. now owns 15,793 shares of the company’s stock valued at $229,000 after purchasing an additional 851 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Mirion Technologies by 4.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company’s stock valued at $338,000 after purchasing an additional 865 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Mirion Technologies by 14.9% during the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company’s stock worth $204,000 after acquiring an additional 1,820 shares in the last quarter. Swiss National Bank boosted its position in Mirion Technologies by 0.5% during the fourth quarter. Swiss National Bank now owns 376,800 shares of the company’s stock worth $6,575,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in shares of Mirion Technologies by 10.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company’s stock valued at $377,000 after buying an additional 2,031 shares in the last quarter. Hedge funds and other 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.