Mirion Technologies (NYSE:MIR) Shares Gap Down - Time to Sell?

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.07, but opened at $12.87. Mirion Technologies shares last traded at $13.60, with a volume of 784,716 shares.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They set a "buy" rating and a $14.00 target price for the company.

Mirion Technologies Stock Performance

The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -42.09 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.55. The firm has a fifty day moving average of $11.59 and a 200 day moving average of $10.94.

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

Insider Buying and Selling

In other Mirion Technologies news, insider Loic Eloy sold 22,139 shares of the business'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 sale, the insider now directly owns 177,663 shares in the company, valued at $1,760,640.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Thomas D. Logan sold 7,500 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $11.00, for a total transaction of $82,500.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company's stock, valued at approximately $16,984,187. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Loic Eloy sold 22,139 shares of Mirion Technologies stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total transaction of $219,397.49. Following the sale, the insider now owns 177,663 shares in the company, valued at $1,760,640.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,639 shares of company stock valued at $539,247. Company insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Mirion Technologies by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company's stock worth $242,272,000 after buying an additional 159,404 shares during the last quarter. Swedbank AB purchased a new stake in Mirion Technologies in the 1st quarter valued at $122,546,000. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 1,031,966 shares during the period. American Century Companies Inc. grew its position in Mirion Technologies by 61.9% during 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 last quarter. Finally, Schwartz Investment Counsel Inc. increased its stake in Mirion Technologies by 1.3% in the second quarter. Schwartz Investment Counsel Inc. now owns 1,519,300 shares of the company's stock valued at $16,317,000 after purchasing an additional 20,000 shares during the period. 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.