Mirion Technologies (NYSE:MIR) Sets New 52-Week High - Here's What Happened

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $18.90 and last traded at $18.01, with a volume of 15376547 shares trading hands. The stock had previously closed at $17.44.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MIR shares. Robert W. Baird cut their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Citigroup reduced their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, B. Riley lowered their price target on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $18.75.

Mirion Technologies Trading Up 2.7%

The firm has a 50 day moving average of $15.34 and a 200-day moving average of $15.98. The firm has a market capitalization of $4.49 billion, a P/E ratio of -101.78 and a beta of 0.74. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. The business had revenue of $202.00 million for the quarter, compared to analyst estimates of $199.34 million. During the same quarter last year, the business posted $0.06 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total value of $8,970,000.00. Following the completion of the transaction, the director now owns 61,287 shares of the company's stock, valued at $1,099,488.78. This represents a 89.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mirion Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC lifted its stake in shares of Mirion Technologies by 360,400.0% in the first quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock worth $52,000 after acquiring an additional 3,604 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Mirion Technologies during the 1st quarter worth approximately $68,000. Smartleaf Asset Management LLC raised its position in 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 buying an additional 4,442 shares during the last quarter. CWM LLC lifted its position in shares of Mirion Technologies by 1,026.3% during the first quarter. CWM LLC now owns 6,431 shares of the company's stock valued at $93,000 after purchasing an additional 5,860 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Mirion Technologies by 2,310.3% during the 1st 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 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.