Mirion Technologies Sees Unusually High Options Volume (NYSE:MIR)

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 3,020 call options on the stock. This represents an increase of 243% compared to the typical volume of 880 call options.

Mirion Technologies Stock Down 1.2 %

Shares of Mirion Technologies stock traded down $0.18 during trading hours on Friday, hitting $15.18. 2,261,915 shares of the company's stock traded hands, compared to its average volume of 1,347,501. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. Mirion Technologies has a twelve month low of $8.43 and a twelve month high of $15.98. The stock has a 50 day simple moving average of $12.63 and a 200-day simple moving average of $11.29. The company has a market cap of $3.53 billion, a PE ratio of -44.65 and a beta of 0.73.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $206.80 million for the quarter, compared to analysts' expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. Mirion Technologies's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities research analysts anticipate that Mirion Technologies will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.27, for a total value of $48,589.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the 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 transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,984,187. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,905 shares of company stock worth $368,439 in the last ninety days. Insiders own 2.20% of the company's stock.

Institutional Trading of Mirion Technologies

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in Mirion Technologies in the 2nd quarter valued at about $39,000. Quest Partners LLC boosted its position in shares of Mirion Technologies by 680.5% during the third quarter. Quest Partners LLC now owns 6,728 shares of the company's stock worth $74,000 after buying an additional 5,866 shares during the period. Integrated Advisors Network LLC bought a new position in Mirion Technologies in the 3rd quarter worth approximately $120,000. Paloma Partners Management Co bought a new position in Mirion Technologies in the 3rd quarter worth approximately $122,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Mirion Technologies during the 3rd quarter valued at $147,000. Institutional investors own 78.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MIR shares. B. Riley initiated coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They set a "buy" rating and a $14.00 price target for the company. Citigroup upped their target price on Mirion Technologies from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on Mirion Technologies from $13.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, October 31st.

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.