Mirion Technologies (NYSE:MIR) Reaches New 1-Year Low – Time to Sell?

Mirion Technologies, Inc. (NYSE:MIR)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.43 and last traded at $16.7430, with a volume of 368561 shares traded. The stock had previously closed at $16.96.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MIR shares. Citigroup decreased their target price on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Robert W. Baird reduced their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. reduced their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. The Goldman Sachs Group reduced their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Morgan Stanley reduced their price objective on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 11th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.13.

Mirion Technologies Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The company’s 50-day moving average price is $18.96 and its 200-day moving average price is $22.23. The company has a market cap of $4.28 billion, a P/E ratio of 171.36 and a beta of 1.07.

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

Insider Buying and Selling at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the transaction, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans purchased a new position in Mirion Technologies during the third quarter worth $4,182,000. Rhumbline Advisers lifted its holdings in Mirion Technologies by 91.1% during the third quarter. Rhumbline Advisers now owns 608,834 shares of the company’s stock worth $14,161,000 after buying an additional 290,232 shares during the period. Victory Capital Management Inc. raised its stake in Mirion Technologies by 12.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,082,626 shares of the company’s stock worth $25,182,000 after acquiring an additional 123,952 shares during the last quarter. Maven Securities LTD purchased a new position in Mirion Technologies during the 3rd quarter worth approximately $6,396,000. Finally, TimesSquare Capital Management LLC purchased a new position in Mirion Technologies during the 3rd quarter worth approximately $23,570,000. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Company Profile

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.