Mirion Technologies (NYSE:MIR) Reaches New 12-Month Low – Should You Sell?

Mirion Technologies, Inc. (NYSE:MIR)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $16.16 and last traded at $16.21, with a volume of 762439 shares changing hands. The stock had previously closed at $17.00.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MIR. Morgan Stanley reduced their price objective on 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. Citigroup reduced their price objective 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. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. cut their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Finally, Melius Research raised Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.13.

Mirion Technologies Stock Down 6.2%

The company has a fifty day simple moving average of $18.73 and a 200-day simple moving average of $21.73. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3.99 billion, a P/E ratio of 159.36 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data 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 return on equity of 6.44% and a net margin of 2.56%.The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities analysts anticipate that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Insider Activity at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently modified their holdings of MIR. Advisory Services Network LLC purchased a new stake in shares of Mirion Technologies in the third quarter worth approximately $25,000. UMB Bank n.a. raised its holdings in shares of Mirion Technologies by 175.4% in the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after buying an additional 856 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after buying an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after buying an additional 631 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in shares of Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after buying an additional 887 shares during the period. 78.51% of the stock is currently owned by hedge funds and other 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.