Mirion Technologies (NYSE:MIR) Shares Up 3.2%

Shares of Mirion Technologies, Inc. (NYSE:MIR) traded up 3.2% on Thursday . The stock traded as high as $10.92 and last traded at $10.91. 119,659 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,145,187 shares. The stock had previously closed at $10.57.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Mirion Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. TheStreet raised Mirion Technologies from a “d” rating to a “b-” rating in a research report on Wednesday, February 14th.

Mirion Technologies Stock Performance

The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -21.98 and a beta of 0.81. The company has a quick ratio of 1.48, a current ratio of 2.03 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $9.44.

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

Insider Transactions at Mirion Technologies

In related news, CFO Brian Schopfer sold 90,910 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $11.00, for a total transaction of $1,000,010.00. Following the transaction, the chief financial officer now directly owns 211,167 shares of the company’s stock, valued at approximately $2,322,837. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.57% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently modified their holdings of MIR. Quantbot Technologies LP grew its position in Mirion Technologies by 143.0% in the 2nd quarter. Quantbot Technologies LP now owns 5,170 shares of the company’s stock valued at $29,000 after purchasing an additional 3,042 shares during the period. Royal Bank of Canada bought a new position in shares of Mirion Technologies in the first quarter valued at $63,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Mirion Technologies during the second quarter valued at about $75,000. Prelude Capital Management LLC bought a new stake in shares of Mirion Technologies during the first quarter worth about $85,000. Finally, Citigroup Inc. raised its holdings in shares of Mirion Technologies by 162.3% in the 1st quarter. Citigroup Inc. now owns 10,915 shares of the company’s stock worth $93,000 after acquiring an additional 6,754 shares during the last quarter. 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.