Mirion Technologies (NYSE:MIR) Sets New 12-Month High – Still a Buy?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MIR shares. B. Riley assumed coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock. The Goldman Sachs Group increased their price objective on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup raised their target price on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th.

Mirion Technologies Stock Performance

The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -54.32 and a beta of 0.76. The company’s fifty day simple moving average is $15.38 and its 200 day simple moving average is $12.24. 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 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). The firm had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. On average, equities research analysts expect that Mirion Technologies, Inc. will post 0.33 earnings per share for the current year.

Insider Transactions at Mirion Technologies

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

Institutional Trading of Mirion Technologies

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its position in Mirion Technologies by 61.9% in the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock worth $42,343,000 after purchasing an additional 1,507,101 shares during the period. Corsair Capital Management L.P. grew its holdings in shares of Mirion Technologies by 83.9% during 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 buying an additional 1,441,846 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mirion Technologies by 20.3% during the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock valued at $65,642,000 after buying an additional 1,031,966 shares during the last quarter. Nicholas Investment Partners LP purchased a new position in shares of Mirion Technologies in the 2nd quarter worth $5,223,000. Finally, Millennium Management LLC grew its position in shares of Mirion Technologies by 509.8% during the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after acquiring an additional 446,034 shares during the period. Institutional investors own 78.51% of the company’s stock.

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.