Shares of Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $25.44 and last traded at $25.38, with a volume of 8423 shares. The stock had previously closed at $24.85.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on MIR shares. Weiss Ratings restated a "hold (c)" rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Citigroup lifted their price objective on Mirion Technologies from $23.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. assumed coverage on Mirion Technologies in a research note on Friday, September 26th. They set an "overweight" rating and a $28.00 price objective for the company. Robert W. Baird boosted their target price on Mirion Technologies from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, September 29th. Finally, B. Riley reissued a "buy" rating and issued a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $26.33.
Read Our Latest Stock Report on MIR
Mirion Technologies Trading Up 2.5%
The company has a market capitalization of $5.96 billion, a P/E ratio of 847.83 and a beta of 0.88. The business has a fifty day moving average price of $22.16 and a 200 day moving average price of $19.60. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55.
Mirion Technologies (NYSE:MIR - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The business had revenue of $222.90 million for the quarter, compared to analyst estimates of $216.78 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. Mirion Technologies's revenue was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, analysts expect that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.
Insider Activity at Mirion Technologies
In other news, CEO Thomas D. Logan sold 325,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the transaction, the chief executive officer owned 3,742,305 shares of the company's stock, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company's stock.
Institutional Investors Weigh In On Mirion Technologies
A number of large investors have recently modified their holdings of the business. Invesco Ltd. lifted its stake in shares of Mirion Technologies by 713.2% in the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company's stock valued at $56,349,000 after acquiring an additional 2,295,414 shares during the last quarter. Brown Advisory Inc. grew its holdings in Mirion Technologies by 45.9% during the 1st quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock worth $80,627,000 after acquiring an additional 1,748,437 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Mirion Technologies during the 2nd quarter worth about $34,269,000. Hood River Capital Management LLC acquired a new stake in shares of Mirion Technologies in the 2nd quarter valued at about $31,655,000. Finally, Nuveen LLC acquired a new stake in shares of Mirion Technologies in the 1st quarter valued at about $20,132,000. Institutional investors and hedge funds own 78.51% of the company's stock.
About Mirion Technologies
(
Get Free Report)
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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