Mirion Technologies (NYSE:MIR) Hits New 52-Week High – Here’s Why

Mirion Technologies, Inc. (NYSE:MIR)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $18.68 and last traded at $18.67, with a volume of 860866 shares. The stock had previously closed at $18.03.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MIR. B. Riley began coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock. Citigroup boosted 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 boosted their target price on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday.

Mirion Technologies Stock Performance

The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of -54.32 and a beta of 0.76. 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 stock has a fifty day moving average price of $15.38 and a two-hundred day moving average price of $12.24.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $206.80 million during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. As a group, analysts forecast that Mirion Technologies, Inc. will post 0.33 EPS for the current fiscal year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total value of $53,000.00. Following the transaction, the insider now owns 138,193 shares in the company, valued at approximately $1,464,845.80. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $16,165,857.99. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,405 shares of company stock worth $285,939. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Mirion Technologies

Large investors have recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Mirion Technologies during the second quarter valued at approximately $39,000. Quest Partners LLC increased its stake in shares of Mirion Technologies by 680.5% in the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after acquiring an additional 5,866 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in Mirion Technologies in the third quarter worth $111,000. Integrated Advisors Network LLC bought a new position in Mirion Technologies during the third quarter worth about $120,000. Finally, Paloma Partners Management Co acquired a new position in shares of Mirion Technologies in the 3rd quarter valued at approximately $122,000. 78.51% of the stock is 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.