Mirion Technologies (NYSE:MIR) Shares Up 5.4% Following Analyst Upgrade

Mirion Technologies, Inc. (NYSE:MIR) rose 5.4% during mid-day trading on Thursday after Citigroup raised their price target on the stock from $18.00 to $20.00. Citigroup currently has a buy rating on the stock. Mirion Technologies traded as high as $18.03 and last traded at $18.00. Approximately 1,279,678 shares changed hands during trading, a decline of 7% from the average daily volume of 1,382,940 shares. The stock had previously closed at $17.07.

Several other brokerages have also recently weighed in on MIR. B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 price objective for the company. The Goldman Sachs Group boosted their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Insider Buying and Selling at Mirion Technologies

In related news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the transaction, the insider now directly owns 138,193 shares of the company’s stock, valued at approximately $1,464,845.80. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at $16,165,857.99. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,405 shares of company stock worth $285,939 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Mirion Technologies in the 3rd quarter valued at $170,000. SkyView Investment Advisors LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at approximately $111,000. Geode Capital Management LLC lifted its stake in Mirion Technologies by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after purchasing an additional 147,408 shares during the last quarter. Barclays PLC grew its holdings in shares of Mirion Technologies by 325.0% during the third quarter. Barclays PLC now owns 307,680 shares of the company’s stock worth $3,405,000 after purchasing an additional 235,288 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Mirion Technologies in the 3rd quarter valued at approximately $303,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

The business has a 50-day simple moving average of $14.41 and a 200 day simple moving average of $11.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business earned $0.03 earnings per share. Mirion Technologies’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts expect that Mirion Technologies, Inc. will post 0.36 EPS for the current year.

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.