Mirion Technologies (NYSE:MIR - Get Free Report) had its price objective upped by investment analysts at Citigroup from $23.00 to $24.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 15.60% from the stock's current price.
MIR has been the subject of several other research reports. Robert W. Baird boosted their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. B. Riley reduced their price objective on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mirion Technologies has an average rating of "Buy" and a consensus price target of $21.00.
Get Our Latest Stock Analysis on Mirion Technologies
Mirion Technologies Stock Down 0.1%
Shares of MIR traded down $0.02 during mid-day trading on Monday, hitting $20.76. The company's stock had a trading volume of 1,418,137 shares, compared to its average volume of 2,154,745. The company's 50-day moving average is $19.25 and its 200-day moving average is $16.75. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $22.21. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of -346.03 and a beta of 0.83. The company has a current ratio of 2.23, a quick ratio of 1.69 and a debt-to-equity ratio of 0.44.
Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $202.00 million during the quarter, compared to analyst estimates of $199.34 million. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. Mirion Technologies's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities research analysts forecast that Mirion Technologies will post 0.39 EPS for the current fiscal year.
Insider Transactions at Mirion Technologies
In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the transaction, the director owned 61,287 shares in the company, valued at approximately $1,099,488.78. This represents a 89.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company's stock.
Institutional Trading of Mirion Technologies
Large investors have recently made changes to their positions in the business. AlphaQuest LLC boosted its holdings in shares of Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after acquiring an additional 3,604 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Mirion Technologies in the 1st quarter valued at $68,000. Smartleaf Asset Management LLC boosted its holdings in shares of Mirion Technologies by 582.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock valued at $76,000 after acquiring an additional 4,442 shares during the last quarter. CWM LLC boosted its holdings in shares of Mirion Technologies by 1,026.3% in the 1st quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after acquiring an additional 5,860 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Mirion Technologies by 2,310.3% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after buying an additional 6,977 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.
About Mirion Technologies
(
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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.
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