Citigroup Issues Positive Forecast for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its target price increased by investment analysts at Citigroup from $17.00 to $18.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 21.62% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday. B. Riley assumed coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock.

Mirion Technologies Stock Performance

MIR stock traded up $0.05 on Thursday, hitting $14.80. The company had a trading volume of 4,176,627 shares, compared to its average volume of 1,295,638. Mirion Technologies has a 12-month low of $6.70 and a 12-month high of $15.17. The company has a current ratio of 2.18, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $11.67 and its 200 day simple moving average is $10.96. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -43.53 and a beta of 0.79.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. Mirion Technologies had a negative net margin of 7.80% and a positive return on equity of 3.81%. The company had revenue of $207.10 million for the quarter, compared to analysts’ expectations of $210.77 million. During the same quarter last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Mirion Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Loic Eloy sold 22,139 shares of Mirion Technologies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total transaction of $219,397.49. Following the transaction, the insider now owns 177,663 shares in the company, valued at approximately $1,760,640.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,639 shares of company stock worth $539,247. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Mirion Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of MIR. Innealta Capital LLC bought a new stake in Mirion Technologies in the 2nd quarter valued at $39,000. Central Pacific Bank Trust Division bought a new stake in Mirion Technologies in the 1st quarter valued at $85,000. Integrated Advisors Network LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter worth about $120,000. Algert Global LLC bought a new stake in shares of Mirion Technologies in the 2nd quarter worth about $189,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Mirion Technologies in the 1st quarter worth about $226,000. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Company Profile

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.