Mirion Technologies (NYSE:MIR) Hits New 12-Month High – Time to Buy?

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. B. Riley began coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Citigroup raised their price target on Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

Mirion Technologies Stock Up 4.1 %

The business has a 50-day simple moving average of $12.86 and a 200-day simple moving average of $11.37. 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 company has a market cap of $3.79 billion, a PE ratio of -47.06 and a beta of 0.73.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (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 firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

Insider Transactions at Mirion Technologies

In other news, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies 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 in the company, valued at approximately $1,464,845.80. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction dated 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 transaction, 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. Over the last quarter, insiders have sold 30,905 shares of company stock valued at $368,439. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC increased its stake in Mirion Technologies by 8.5% in the first 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 last quarter. Vanguard Group Inc. grew its holdings in shares of Mirion Technologies by 0.8% during 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 last quarter. Carlson Capital L P increased its position in shares of Mirion Technologies by 14.7% during the first quarter. Carlson Capital L P now owns 618,478 shares of the company’s stock worth $7,032,000 after purchasing an additional 79,414 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Mirion Technologies by 19.8% in the 1st quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock valued at $258,000 after purchasing an additional 3,753 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Mirion Technologies by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company’s stock worth $1,268,000 after buying an additional 7,264 shares during the last quarter. Hedge funds and other 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.