Mirion Technologies (NYSE:MIR) Trading Down 15.8% – Should You Sell?

Mirion Technologies, Inc. (NYSE:MIR) traded down 15.8% on Monday . The stock traded as low as $15.49 and last traded at $15.24. 723,076 shares were traded during trading, a decline of 59% from the average session volume of 1,755,098 shares. The stock had previously closed at $18.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MIR shares. Baird R W raised Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group boosted their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird started coverage on Mirion Technologies in a report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 target price on the stock. Finally, Citigroup increased their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $19.25.

Mirion Technologies Stock Performance

The stock has a market cap of $3.46 billion, a PE ratio of -43.74 and a beta of 0.75. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $17.16 and a 200 day moving average of $13.66.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same period in the previous year, the company earned $0.03 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that Mirion Technologies, Inc. will post 0.33 EPS for the current fiscal year.

Insider Activity

In related news, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total value of $48,589.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MIR. Artemis Investment Management LLP acquired a new stake in Mirion Technologies during the 4th quarter worth about $38,155,000. Corsair Capital Management L.P. lifted its stake in shares of Mirion Technologies by 83.9% in the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after buying an additional 1,441,846 shares during the last quarter. Millennium Management LLC grew its position in shares of Mirion Technologies by 509.8% in the second quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after purchasing an additional 446,034 shares during the last quarter. Telemark Asset Management LLC acquired a new position in shares of Mirion Technologies during the third quarter worth approximately $4,428,000. Finally, Jennison Associates LLC boosted its holdings in Mirion Technologies by 548.4% in the 3rd quarter. Jennison Associates LLC now owns 465,553 shares of the company’s stock valued at $5,154,000 after purchasing an additional 393,752 shares during the period. Hedge funds and other 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.