Mirion Technologies (NYSE:MIR) Trading 6.2% Higher – Here’s What Happened

Mirion Technologies, Inc. (NYSE:MIR)’s share price was up 6.2% during mid-day trading on Tuesday . The stock traded as high as $17.70 and last traded at $17.8060. Approximately 2,492,140 shares changed hands during trading, a decline of 29% from the average daily volume of 3,509,054 shares. The stock had previously closed at $16.76.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MIR shares. Morgan Stanley decreased their price target on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 11th. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Citigroup cut their price objective on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Finally, Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.13.

Mirion Technologies Stock Performance

The firm has a market capitalization of $4.44 billion, a PE ratio of 177.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19. The company’s fifty day moving average price is $18.57 and its two-hundred day moving average price is $21.51.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. During the same quarter last year, the firm posted $0.10 earnings per share. Mirion Technologies’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. As a group, equities analysts expect that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the sale, the chief accounting officer owned 22,157 shares in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in Mirion Technologies in the third quarter worth $25,000. UMB Bank n.a. boosted its holdings in Mirion Technologies by 175.4% in the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after purchasing an additional 856 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after purchasing an additional 631 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after purchasing an additional 887 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

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.