Mirion Technologies Sees Unusually Large Options Volume (NYSE:MIR)

Mirion Technologies, Inc. (NYSE:MIR) saw some unusual options trading on Wednesday. Stock traders bought 12,137 call options on the stock. This represents an increase of 892% compared to the typical volume of 1,224 call options.

Analyst Ratings Changes

MIR has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. JPMorgan Chase & Co. dropped their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Citigroup dropped their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL boosted its stake in Mirion Technologies by 174,900.0% during the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after buying an additional 17,490,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Mirion Technologies by 28.0% during the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after buying an additional 6,651,735 shares in the last quarter. Two Creeks Capital Management LP bought a new position in Mirion Technologies during the third quarter valued at about $83,707,000. UBS Group AG boosted its stake in Mirion Technologies by 181.4% during the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after buying an additional 3,092,136 shares in the last quarter. Finally, TCW Group Inc. bought a new position in Mirion Technologies during the fourth quarter valued at about $57,439,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

NYSE MIR traded up $0.04 during trading hours on Wednesday, hitting $20.18. The company had a trading volume of 326,575 shares, compared to its average volume of 3,413,461. Mirion Technologies has a fifty-two week low of $15.98 and a fifty-two week high of $30.28. The firm has a market cap of $5.06 billion, a P/E ratio of 201.91 and a beta of 1.07. The business has a fifty day simple moving average of $19.76 and a 200-day simple moving average of $23.11. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $244.78 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts predict that Mirion Technologies will post 0.51 EPS for the current year.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.