Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) shares shot up 7% during trading on Friday . The company traded as high as $19.32 and last traded at $19.05. 1,338,087 shares changed hands during trading, a decline of 25% from the average session volume of 1,779,868 shares. The stock had previously closed at $17.80.
Analyst Ratings Changes
Several research firms recently commented on MIR. B. Riley decreased their price objective on shares of 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 cut their price target on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $18.75.
Get Our Latest Report on Mirion Technologies
Mirion Technologies Trading Up 0.3%
The stock has a market cap of $4.52 billion, a P/E ratio of -102.58 and a beta of 0.74. The firm's 50-day simple moving average is $15.42 and its 200 day simple moving average is $16.00. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43.
Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The company 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%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. As a group, equities research analysts anticipate that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.
Insider Activity at Mirion Technologies
In related news, Director Lawrence D. Kingsley sold 500,000 shares of the firm's stock in a transaction 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 sale, the director now 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 filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Mirion Technologies
A number of hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Mirion Technologies in the first quarter valued at about $280,000. Intech Investment Management LLC increased its position in shares of Mirion Technologies by 38.0% during the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company's stock worth $1,855,000 after purchasing an additional 35,218 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mirion Technologies by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company's stock worth $6,301,000 after purchasing an additional 34,973 shares during the last quarter. Sciencast Management LP acquired a new position in shares of Mirion Technologies during the 1st quarter worth approximately $152,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Mirion Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company's stock worth $1,783,000 after purchasing an additional 5,366 shares during the last quarter. 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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