Mirion Technologies (NYSE:MIR) Hits New 12-Month High – Time to Buy?

Shares of Mirion Technologies, Inc. (NYSE:MIR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.68 and last traded at $18.67, with a volume of 860866 shares traded. The stock had previously closed at $18.03.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MIR. The Goldman Sachs Group raised their price objective on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, December 12th. B. Riley began coverage on Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Citigroup upped their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th.

Mirion Technologies Stock Performance

The company’s 50 day moving average is $15.63 and its 200 day moving average is $12.35. The firm has a market cap of $4.05 billion, a P/E ratio of -51.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results 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 the consensus estimate of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. Mirion Technologies’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. As a group, equities analysts predict that Mirion Technologies, Inc. will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Emmanuelle Lee sold 3,405 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. Insiders have sold 23,405 shares of company stock worth $285,939 in the last quarter. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC lifted its holdings in shares of Mirion Technologies by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 351,478 shares of the company’s stock worth $3,891,000 after acquiring an additional 980 shares during the last quarter. Arizona State Retirement System lifted its stake in Mirion Technologies by 2.2% in the second quarter. Arizona State Retirement System now owns 48,968 shares of the company’s stock worth $526,000 after purchasing an additional 1,045 shares during the last quarter. Rhumbline Advisers boosted its position in Mirion Technologies by 0.4% during the second quarter. Rhumbline Advisers now owns 325,569 shares of the company’s stock valued at $3,497,000 after buying an additional 1,340 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Mirion Technologies by 4.7% during the third quarter. Oppenheimer & Co. Inc. now owns 58,260 shares of the company’s stock valued at $645,000 after buying an additional 2,595 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Mirion Technologies in the second quarter worth about $39,000. 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.