Mirion Technologies (NYSE:MIR) Stock Jumps 7.3% – Time to Buy?

Mirion Technologies, Inc. (NYSE:MIR)’s stock price rose 7.3% during trading on Tuesday. The stock traded as high as $16.13 and last traded at $16.0140. Approximately 2,197,740 shares were traded during mid-day trading, a decline of 41% from the average session volume of 3,725,519 shares. The stock had previously closed at $14.92.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup reduced their price target on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Morgan Stanley cut their price objective on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 target price on shares of Mirion Technologies in a research report on Wednesday, July 29th. Finally, B. Riley Financial lowered their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.12.

Mirion Technologies Trading Down 2.0%

The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. The firm has a fifty day simple moving average of $15.53 and a 200-day simple moving average of $17.16. The firm has a market cap of $4.01 billion, a P/E ratio of 161.31 and a beta of 1.10.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business had revenue of $266.80 million during the quarter, compared to analyst estimates of $269.32 million. During the same quarter in the previous year, the business posted $0.11 EPS. Mirion Technologies’s quarterly revenue was up 19.7% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities research analysts expect that Mirion Technologies, Inc. will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Mirion Technologies

Several large investors have recently modified their holdings of MIR. Wellington Management Group LLP boosted its holdings in shares of Mirion Technologies by 31.2% in the second quarter. Wellington Management Group LLP now owns 1,098,987 shares of the company’s stock worth $19,705,000 after acquiring an additional 261,175 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Mirion Technologies by 17.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company’s stock worth $26,676,000 after purchasing an additional 167,454 shares in the last quarter. Madison Asset Management LLC bought a new position in Mirion Technologies in the 2nd quarter valued at $3,407,000. Tidal Investments LLC grew its position in shares of Mirion Technologies by 8.5% during the 2nd quarter. Tidal Investments LLC now owns 840,683 shares of the company’s stock valued at $15,073,000 after purchasing an additional 65,670 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Mirion Technologies in the second quarter worth $2,597,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, and analysis solutions for customers operating in highly regulated and safety-sensitive environments. The company develops hardware, software, and services used to monitor radiation, protect personnel, manage nuclear materials, and support compliance with industry and government standards.

Its offerings include radiation detectors and spectrometers, personal dosimetry and health-physics systems, nuclear instrumentation and control equipment, contamination monitoring systems, and related data-management software.