Mirion Technologies (NYSE:MIR) Shares Climb 7.3% - Here's What Happened

Key Points

• Mirion Technologies shares rose 7.3% to about $16.01 in mid-day trading, although volume was 41% below the average session level.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $25.12; several firms lowered targets while retaining Buy ratings.
• The company exceeded quarterly EPS expectations, reporting $0.12 versus $0.10 expected, while revenue grew 19.7% year over year despite slightly missing estimates.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report)'s stock price rose 7.3% during mid-day trading on Tuesday. The company traded as high as $16.13 and last traded at $16.0140. Approximately 2,197,740 shares changed hands during trading, a decline of 41% from the average session volume of 3,725,519 shares. The stock had previously closed at $14.92.

Analyst Upgrades and Downgrades

A number of research firms have commented on MIR. Citigroup decreased their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Morgan Stanley reduced their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Monday, July 13th. Jefferies Financial Group began coverage on shares of Mirion Technologies in a report on Thursday, September 3rd. They issued a "buy" rating and a $20.00 price objective on the stock. B. Riley Financial dropped their target price on shares of Mirion Technologies from $29.00 to $27.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings raised Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.12.

Mirion Technologies Price Performance

The stock has a fifty day simple moving average of $15.50 and a 200-day simple moving average of $17.21. The company has a market capitalization of $3.99 billion, a PE ratio of 160.31 and a beta of 1.10. The company has a current ratio of 3.20, a quick ratio of 2.63 and a debt-to-equity ratio of 0.64.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $266.80 million during the quarter, compared to analysts' expectations of $269.32 million. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The firm's revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts anticipate that Mirion Technologies, Inc. will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Mirion Technologies

Several large investors have recently bought and sold shares of MIR. Versant Capital Management Inc increased its position in shares of Mirion Technologies by 42.8% during the third quarter. Versant Capital Management Inc now owns 2,505 shares of the company's stock worth $35,000 after purchasing an additional 751 shares in the last quarter. Assetmark Inc. increased its position in Mirion Technologies by 8,123.8% during the first quarter. Assetmark Inc. now owns 3,454 shares of the company's stock worth $64,000 after buying an additional 3,412 shares during the period. Nykredit A S acquired a new position in Mirion Technologies during the second quarter worth approximately $137,000. Balefire LLC purchased a new stake in Mirion Technologies in the second quarter valued at approximately $226,000. Finally, Altshuler Shaham Ltd lifted its stake in Mirion Technologies by 12.3% in the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company's stock valued at $244,000 after buying an additional 1,443 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, and analysis solutions for customers operating in highly regulated and safety-sensitive environments. The company develops hardware, software, and services used to monitor radiation, protect personnel, manage nuclear materials, and support compliance with industry and government standards.

Its offerings include radiation detectors and spectrometers, personal dosimetry and health-physics systems, nuclear instrumentation and control equipment, contamination monitoring systems, and related data-management software.

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