Mirion Technologies (NYSE:MIR) Sets New 52-Week High - Still a Buy?

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $22.22 and last traded at $22.07, with a volume of 784389 shares trading hands. The stock had previously closed at $21.77.

Wall Street Analyst Weigh In

MIR has been the topic of several recent analyst reports. B. Riley reaffirmed a "buy" rating and issued a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday. Citigroup boosted their price target on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Robert W. Baird raised their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $22.25.

Mirion Technologies Trading Up 0.0%

The business has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $17.01. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -362.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.23 and a quick ratio of 1.69.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The business had revenue of $202.00 million for 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%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. As a group, equities analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 of the company's stock, valued at $1,099,488.78. The trade was a 89.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mirion Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its stake in Mirion Technologies by 29,948.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock worth $73,550,000 after acquiring an additional 4,200,894 shares during the period. Brown Advisory Inc. acquired a new position in Mirion Technologies in the fourth quarter valued at about $66,520,000. Bornite Capital Management LP acquired a new position in Mirion Technologies in the fourth quarter valued at about $36,942,000. Millennium Management LLC lifted its position in Mirion Technologies by 100.6% during the fourth quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock worth $54,189,000 after purchasing an additional 1,557,077 shares during the period. Finally, Nuveen LLC acquired a new stake in Mirion Technologies during the first quarter worth about $20,132,000. Institutional investors and hedge funds 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.