Mirion Technologies, Inc. (NYSE:MIR) Given Average Recommendation of "Buy" by Analysts

Shares of Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) have received an average rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.25.

A number of research analysts have recently issued reports on the company. Citigroup upped their price target on Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Robert W. Baird started coverage on shares of Mirion Technologies in a research note on Thursday. They set an "outperform" rating and a $22.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Baird R W raised shares of Mirion Technologies to a "strong-buy" rating in a report on Thursday. Finally, B. Riley started coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They set a "buy" rating and a $14.00 price objective on the stock.

Mirion Technologies Stock Up 1.8 %

Shares of MIR traded up $0.32 during trading hours on Friday, hitting $17.89. The company had a trading volume of 3,836,940 shares, compared to its average volume of 1,447,366. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -52.62 and a beta of 0.76. The firm has a fifty day moving average price of $15.91 and a 200-day moving average price of $12.47. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $203.67 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that Mirion Technologies will post 0.33 EPS for the current fiscal year.

Insider Activity at Mirion Technologies

In other news, insider Emmanuelle Lee sold 5,000 shares of the firm's 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 transaction, the insider now owns 138,193 shares of the company's stock, valued at $1,464,845.80. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,544,017 shares of the company's stock, valued at approximately $16,165,857.99. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,405 shares of company stock worth $285,939. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in Mirion Technologies during the 2nd quarter valued at approximately $39,000. Quest Partners LLC grew its stake in Mirion Technologies by 680.5% during the third 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 in the last quarter. SkyView Investment Advisors LLC bought a new stake in Mirion Technologies in the 3rd quarter valued at $111,000. Integrated Advisors Network LLC purchased a new stake in Mirion Technologies in the 3rd quarter worth $120,000. Finally, Paloma Partners Management Co bought a new position in shares of Mirion Technologies during the 3rd quarter valued at about $122,000. 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.