Mirion Technologies (NYSE:MIR) Earns Buy Rating from Analysts at B. Riley

by · The Cerbat Gem

B. Riley initiated coverage on shares of Mirion Technologies (NYSE:MIR – Free Report) in a research note published on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $14.00 price target on the stock.

Mirion Technologies Price Performance

Shares of Mirion Technologies stock opened at $11.05 on Thursday. Mirion Technologies has a twelve month low of $6.70 and a twelve month high of $11.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 2.18. The firm has a market cap of $2.57 billion, a P/E ratio of -26.95 and a beta of 0.79. The firm’s 50-day simple moving average is $10.41 and its 200-day simple moving average is $10.60.

Mirion Technologies (NYSE:MIR – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $207.10 million for the quarter, compared to analyst estimates of $210.77 million. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS.

Insider Activity

In related news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total transaction of $54,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total transaction of $54,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $10.87, for a total transaction of $81,525.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,783,464.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,639 shares of company stock worth $568,947. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of MIR. Dimensional Fund Advisors LP lifted its position in Mirion Technologies by 40.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,738,900 shares of the company’s stock worth $38,325,000 after buying an additional 1,071,810 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Mirion Technologies in the fourth quarter valued at approximately $361,000. Cibc World Markets Corp raised its position in Mirion Technologies by 38.7% in the 4th quarter. Cibc World Markets Corp now owns 1,075,000 shares of the company’s stock worth $11,019,000 after purchasing an additional 300,000 shares during the last quarter. Nomura Holdings Inc. raised its position in Mirion Technologies by 11.2% in the 4th quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company’s stock worth $50,395,000 after purchasing an additional 493,939 shares during the last quarter. Finally, P2 Capital Partners LLC lifted its holdings in Mirion Technologies by 8.8% during the 4th quarter. P2 Capital Partners LLC now owns 5,847,122 shares of the company’s stock worth $59,933,000 after buying an additional 474,414 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Company Profile

(Get Free Report)

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.

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