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

Shares of Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.54 and last traded at $19.44, with a volume of 5056139 shares. The stock had previously closed at $18.84.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. B. Riley reduced their price target on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup reduced their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird reduced their target price on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Mirion Technologies currently has a consensus rating of "Buy" and an average target price of $18.75.

Mirion Technologies Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The stock's 50 day simple moving average is $15.58 and its 200-day simple moving average is $16.05. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -100.74 and a beta of 0.74.

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

Insider Buying and Selling

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 61,287 shares of the company's stock, valued at approximately $1,099,488.78. This trade represents a 89.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Mirion Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Xponance Inc. grew its stake in shares of Mirion Technologies by 5.7% during the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock worth $229,000 after purchasing an additional 851 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Mirion Technologies by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock valued at $338,000 after acquiring an additional 865 shares during the period. Principal Financial Group Inc. grew its holdings in Mirion Technologies by 14.9% in the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after purchasing an additional 1,820 shares during the period. Swiss National Bank grew its holdings in Mirion Technologies by 0.5% in the fourth quarter. Swiss National Bank now owns 376,800 shares of the company's stock valued at $6,575,000 after purchasing an additional 2,000 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Mirion Technologies by 10.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock valued at $377,000 after purchasing an additional 2,031 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

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.