Mirion Technologies (NYSE:MIR) Trading Up 6.2% – Here’s Why

Shares of Mirion Technologies, Inc. (NYSE:MIR) traded up 6.2% during trading on Tuesday . The stock traded as high as $17.70 and last traded at $17.8060. Approximately 2,492,140 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 3,509,054 shares. The stock had previously closed at $16.76.

Wall Street Analysts Forecast Growth

MIR has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 11th. Citigroup decreased their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Robert W. Baird lowered their target price on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, Weiss Ratings cut Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mirion Technologies has a consensus rating of “Moderate Buy” and an average target price of $27.12.

Mirion Technologies Stock Up 4.8%

The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $18.51 and a 200 day simple moving average of $21.39. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 185.03 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. During the same period last year, the business earned $0.10 EPS. Mirion Technologies’s quarterly revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts expect that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the sale, the chief accounting officer owned 22,157 shares in the company, valued at $435,163.48. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Mirion Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd raised its stake in shares of Mirion Technologies by 12.3% in the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock worth $244,000 after purchasing an additional 1,443 shares during the last quarter. Amundi boosted its position in shares of Mirion Technologies by 198.3% during the first quarter. Amundi now owns 36,691 shares of the company’s stock valued at $682,000 after buying an additional 24,391 shares during the last quarter. California State Teachers Retirement System grew its holdings in Mirion Technologies by 22.2% during the first quarter. California State Teachers Retirement System now owns 274,096 shares of the company’s stock worth $5,095,000 after buying an additional 49,751 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Mirion Technologies in the 1st quarter valued at $49,261,000. Finally, Quantinno Capital Management LP raised its position in Mirion Technologies by 269.5% in the 1st quarter. Quantinno Capital Management LP now owns 41,705 shares of the company’s stock valued at $775,000 after buying an additional 30,419 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.