Mirion Technologies (NYSE:MIR) Trading 6.2% Higher – Here’s What Happened

Shares of Mirion Technologies, Inc. (NYSE:MIR) traded up 6.2% during mid-day trading on Tuesday . The company traded as high as $17.70 and last traded at $17.8060. 2,492,140 shares traded hands during trading, a decline of 29% from the average session volume of 3,509,054 shares. The stock had previously closed at $16.76.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. Robert W. Baird reduced their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Weiss Ratings downgraded shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.13.

Mirion Technologies Stock Performance

The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 177.67 and a beta of 1.03. The stock’s 50 day moving average is $18.57 and its 200 day moving average is $21.51. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, analysts predict that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Insider Activity

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mirion Technologies

Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Mirion Technologies during the 3rd quarter worth about $25,000. UMB Bank n.a. boosted its stake in shares of Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after purchasing an additional 856 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Mirion Technologies by 58.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after purchasing an additional 631 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Mirion Technologies by 78.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after purchasing an additional 887 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

About Mirion Technologies

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.