Mirion Technologies (NYSE:MIR) Stock Price Down 7.1% - Time to Sell?

Key Points

• Mirion Technologies shares fell 7.1% to about $14.49, with trading volume below its average. The stock’s valuation remains elevated, with a P/E ratio of 143.62.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $25.56, despite several recent target-price reductions.
• The company beat quarterly EPS estimates and reported 19.7% year-over-year revenue growth, while institutional investors continued adding shares; hedge funds and other institutions own 78.51% of the stock.

Shares of Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) were down 7.1% during mid-day trading on Monday. The company traded as low as $14.48 and last traded at $14.4850. Approximately 2,542,441 shares changed hands during trading, a decline of 32% from the average session volume of 3,720,201 shares. The stock had previously closed at $15.59.

Analysts Set New Price Targets

MIR has been the subject of a number of recent analyst reports. B. Riley Financial reduced their target price on Mirion Technologies from $29.00 to $27.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Weiss Ratings raised shares of Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Morgan Stanley decreased their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday, July 13th. Citigroup lowered 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 note on Thursday, July 30th. Finally, Jefferies Financial Group started coverage on shares of Mirion Technologies in a report on Thursday, September 3rd. They issued a "buy" rating and a $20.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.56.

Mirion Technologies Stock Down 7.9%

The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. The company has a fifty day moving average price of $15.74 and a 200 day moving average price of $17.44. The company has a market cap of $3.58 billion, a PE ratio of 143.62 and a beta of 1.05.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIR. Tidal Investments LLC boosted its holdings in shares of Mirion Technologies by 8.5% in the 2nd quarter. Tidal Investments LLC now owns 840,683 shares of the company's stock worth $15,073,000 after purchasing an additional 65,670 shares in the last quarter. Nykredit A S bought a new position in shares of Mirion Technologies during the 2nd quarter valued at about $137,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Mirion Technologies during the 2nd quarter valued at about $276,000. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Mirion Technologies during the 2nd quarter valued at about $2,597,000. Finally, Wellington Management Group LLP lifted its position in Mirion Technologies by 31.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,098,987 shares of the company's stock worth $19,705,000 after buying an additional 261,175 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

About Mirion Technologies

Mirion Technologies, Inc develops and provides radiation detection, measurement, and analysis solutions. Its products and services are used to monitor radiation, support nuclear safety, improve operational efficiency, and provide data for medical, industrial, scientific, and government applications.

The company's offerings include radiation detectors, spectroscopy systems, dosimetry and personnel-monitoring solutions, radiation-monitoring equipment, and related software and services. In healthcare, Mirion provides technologies used in radiation therapy quality assurance, medical imaging, and radiation safety.

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