Mirion Technologies (NYSE:MIR) Hits New 12-Month High - Still a Buy?

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $20.65 and last traded at $20.49, with a volume of 3773042 shares changing hands. The stock had previously closed at $19.89.

Analyst Ratings Changes

Several brokerages have weighed in on MIR. B. Riley dropped their price target on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Citigroup dropped their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird dropped their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $18.75.

Mirion Technologies Stock Performance

The company has a market capitalization of $4.62 billion, a PE ratio of -104.89 and a beta of 0.80. The business's 50-day moving average is $16.67 and its 200-day moving average is $16.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The business 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 4.21% and a positive return on equity of 4.78%. Mirion Technologies's revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. On average, research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $17.94, for a total value of $8,970,000.00. Following the completion of the sale, the director now directly owns 61,287 shares in the company, 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 legal filing with the SEC, which is available through this link. 6.30% of the stock is owned by company insiders.

Institutional Trading of Mirion Technologies

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Mirion Technologies by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company's stock worth $417,226,000 after acquiring an additional 227,178 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Mirion Technologies by 1.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,710,389 shares of the company's stock valued at $300,301,000 after buying an additional 322,243 shares during the period. Janus Henderson Group PLC grew its position in Mirion Technologies by 2.8% during the fourth quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company's stock valued at $145,367,000 after buying an additional 229,718 shares during the period. Dimensional Fund Advisors LP grew its position in Mirion Technologies by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company's stock valued at $106,779,000 after buying an additional 178,260 shares during the period. Finally, Brown Advisory Inc. grew its position in Mirion Technologies by 45.9% during the first quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock valued at $80,627,000 after buying an additional 1,748,437 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Company Profile

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.