Mirion Technologies (NYSE:MIR) Sees Strong Trading Volume

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) saw an uptick in trading volume on Wednesday . 1,116,041 shares changed hands during mid-day trading, a decline of 4% from the previous session's volume of 1,164,259 shares.The stock last traded at $9.98 and had previously closed at $10.87.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MIR. TheStreet upgraded Mirion Technologies from a "d" rating to a "b-" rating in a research note on Wednesday, February 14th. Citigroup lifted their price objective on Mirion Technologies from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, April 8th.

Mirion Technologies Stock Down 6.2 %

The stock has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $9.65. The firm has a market cap of $2.31 billion, a PE ratio of -19.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.48.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.12 EPS for the quarter. The business had revenue of $230.40 million during the quarter. Mirion Technologies had a positive return on equity of 3.09% and a negative net margin of 12.01%.

Insider Buying and Selling

In related news, CFO Brian Schopfer sold 90,910 shares of Mirion Technologies stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $11.00, for a total value of $1,000,010.00. Following the completion of the sale, the chief financial officer now owns 211,167 shares of the company's stock, valued at $2,322,837. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Mirion Technologies

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in Mirion Technologies during the first quarter valued at about $563,000. Nomura Holdings Inc. lifted its position in shares of Mirion Technologies by 11.2% in the fourth quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company's stock valued at $50,395,000 after acquiring an additional 493,939 shares in the last quarter. P2 Capital Partners LLC lifted its position in shares of Mirion Technologies by 8.8% in the fourth quarter. P2 Capital Partners LLC now owns 5,847,122 shares of the company's stock valued at $59,933,000 after acquiring an additional 474,414 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of Mirion Technologies by 38.7% in the fourth quarter. Cibc World Markets Corp now owns 1,075,000 shares of the company's stock valued at $11,019,000 after acquiring an additional 300,000 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Mirion Technologies in the fourth quarter valued at about $361,000. Institutional investors own 78.51% of the company's stock.

About Mirion Technologies

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.