Mirion Technologies (NYSE:MIR) Hits New 12-Month High Following Analyst Upgrade

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday after Citigroup raised their price target on the stock from $17.00 to $18.00. Citigroup currently has a buy rating on the stock. Mirion Technologies traded as high as $15.17 and last traded at $15.13, with a volume of 174174 shares traded. The stock had previously closed at $14.75.

Several other equities analysts also recently weighed in on the company. B. Riley initiated coverage on Mirion Technologies in a research report on Thursday, September 26th. They set a "buy" rating and a $14.00 target price on the stock. The Goldman Sachs Group raised their price objective on Mirion Technologies from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday.

Insiders Place Their Bets

In other news, CEO Thomas D. Logan sold 7,500 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mirion Technologies news, insider Loic Eloy sold 22,139 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total transaction of $219,397.49. Following the transaction, the insider now directly owns 177,663 shares in the company, valued at approximately $1,760,640.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,639 shares of company stock valued at $539,247 over the last ninety days. Corporate insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Mirion Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Swedbank AB acquired a new position in shares of Mirion Technologies during the 1st quarter worth approximately $122,546,000. American Century Companies Inc. lifted its holdings in shares of Mirion Technologies by 61.9% in the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company's stock worth $42,343,000 after acquiring an additional 1,507,101 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mirion Technologies by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company's stock worth $65,642,000 after acquiring an additional 1,031,966 shares during the last quarter. Nicholas Investment Partners LP bought a new position in shares of Mirion Technologies during the second quarter valued at $5,223,000. Finally, Millennium Management LLC increased its position in 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 purchasing an additional 446,034 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 2.18. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of -43.53 and a beta of 0.79. The business has a 50 day moving average price of $11.67 and a 200-day moving average price of $10.96.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Mirion Technologies had a negative net margin of 7.80% and a positive return on equity of 3.81%. The business had revenue of $207.10 million for the quarter, compared to analysts' expectations of $210.77 million. During the same period in the previous year, the company earned $0.08 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts predict that Mirion Technologies, Inc. will post 0.31 EPS for the current fiscal year.

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.