Mirion Technologies (NYSE:MIR) Upgraded at Baird R W

Mirion Technologies (NYSE:MIR - Get Free Report) was upgraded by stock analysts at Baird R W to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the company. Robert W. Baird started coverage on Mirion Technologies in a report on Thursday. They issued an "outperform" rating and a $22.00 price objective for the company. Citigroup upped their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. B. Riley initiated coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They issued a "buy" rating and a $14.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $19.25.

Mirion Technologies Stock Performance

NYSE:MIR traded up $0.32 during mid-day trading on Thursday, reaching $17.89. The company's stock had a trading volume of 3,836,940 shares, compared to its average volume of 1,447,366. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.16 billion, a P/E ratio of -52.62 and a beta of 0.76. The firm's fifty day moving average price is $15.91 and its two-hundred day moving average price is $12.47. Mirion Technologies has a 12-month low of $9.11 and a 12-month high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $206.80 million for the quarter, compared to analysts' expectations of $203.67 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Mirion Technologies will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas D. Logan sold 7,500 shares of the business's stock in a transaction that occurred 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 directly owns 1,544,017 shares of the company's stock, valued at approximately $16,165,857.99. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emmanuelle Lee sold 3,405 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total value of $48,589.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,405 shares of company stock valued at $285,939. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC raised its holdings 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 worth $5,730,000 after acquiring an additional 446,034 shares in the last quarter. Corsair Capital Management L.P. raised its stake in 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 purchasing an additional 1,441,846 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Mirion Technologies by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company's stock valued at $17,265,000 after purchasing an additional 38,474 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Mirion Technologies during the second quarter valued at $1,890,000. Finally, Telemark Asset Management LLC purchased a new position in shares of Mirion Technologies in the 3rd quarter worth $4,428,000. 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.