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

Mirion Technologies (NYSE:MIR) had its price objective increased by Citigroup from $17.00 to $18.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 21.62% from the stock’s current price.

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

Mirion Technologies Price Performance

MIR traded up $0.05 during trading on Thursday, reaching $14.80. The stock had a trading volume of 4,176,627 shares, compared to its average volume of 1,295,638. The stock has a market cap of $3.44 billion, a PE ratio of -43.53 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 2.18. Mirion Technologies has a one year low of $6.70 and a one year high of $15.17. The business has a 50-day moving average of $11.67 and a 200-day moving average of $10.96.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $207.10 million during the quarter, compared to analyst estimates of $210.77 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that Mirion Technologies will post 0.31 EPS for the current fiscal year.

Insider Transactions at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $21,786,079.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mirion Technologies news, insider Loic Eloy sold 22,139 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total value of $219,397.49. Following the completion of the sale, the insider now directly owns 177,663 shares in the company, valued at $1,760,640.33. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,639 shares of company stock worth $539,247. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new position in shares of Mirion Technologies during the second quarter valued at approximately $39,000. Central Pacific Bank Trust Division bought a new position in shares of Mirion Technologies during the first quarter valued at approximately $85,000. Integrated Advisors Network LLC bought a new position in shares of Mirion Technologies during the third quarter valued at approximately $120,000. Algert Global LLC bought a new position in shares of Mirion Technologies during the second quarter valued at approximately $189,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Mirion Technologies during the first quarter valued at approximately $226,000. Institutional investors own 78.51% of the company’s stock.

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.