Mirion Technologies (NYSE:MIR) Shares Gap Up – Here’s What Happened

Mirion Technologies, Inc. (NYSE:MIR) gapped up before the market opened on Wednesday . The stock had previously closed at $15.67, but opened at $16.45. Mirion Technologies shares last traded at $16.0770, with a volume of 201,658 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Mirion Technologies in a research report on Thursday, September 3rd. They issued a “buy” rating and a $20.00 price objective for the company. B. Riley Financial dropped their target price on shares of Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings raised shares of Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group restated a “buy” rating and set a $23.00 price target on shares of Mirion Technologies in a research report on Wednesday, July 29th. Finally, Citigroup dropped their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mirion Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $25.56.

Mirion Technologies Trading Up 1.4%

The business has a 50-day simple moving average of $15.79 and a 200-day simple moving average of $17.75. The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64. The company has a market cap of $3.96 billion, a PE ratio of 158.83 and a beta of 1.05.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $266.80 million for the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, analysts predict that Mirion Technologies, Inc. will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Mirion Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Mirion Technologies by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after buying an additional 157,687 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Mirion Technologies by 3.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock worth $122,920,000 after buying an additional 193,914 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Mirion Technologies by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock valued at $87,240,000 after purchasing an additional 591,730 shares during the last quarter. Bank of New York Mellon Corp grew its position in Mirion Technologies by 47.4% in the 1st quarter. Bank of New York Mellon Corp now owns 4,536,732 shares of the company’s stock valued at $84,338,000 after buying an additional 1,459,787 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Mirion Technologies in the first quarter valued at about $49,261,000. 78.51% of the stock is owned by institutional investors and hedge funds.

About Mirion Technologies

Mirion Technologies, Inc develops and provides radiation detection, measurement, and analysis solutions. Its products and services are used to monitor radiation, support nuclear safety, improve operational efficiency, and provide data for medical, industrial, scientific, and government applications.

The company’s offerings include radiation detectors, spectroscopy systems, dosimetry and personnel-monitoring solutions, radiation-monitoring equipment, and related software and services. In healthcare, Mirion provides technologies used in radiation therapy quality assurance, medical imaging, and radiation safety.