Mirion Technologies (NYSE:MIR) Given New $18.00 Price Target at Citigroup

Mirion Technologies (NYSE:MIR) had its target price raised by Citigroup from $17.00 to $18.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

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

Mirion Technologies Trading Down 1.5 %

MIR traded down $0.22 during midday trading on Thursday, reaching $14.58. 372,160 shares of the company were exchanged, compared to its average volume of 1,291,292. 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 company’s fifty day moving average price is $11.75 and its 200 day moving average price is $10.99. Mirion Technologies has a one year low of $7.20 and a one year high of $15.17.

Mirion Technologies (NYSE:MIR) last released its 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. The company had revenue of $207.10 million during the quarter, compared to analyst estimates of $210.77 million. Mirion Technologies had a positive return on equity of 4.35% and a negative net margin of 7.84%. Mirion Technologies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. Equities research analysts forecast that Mirion Technologies will post 0.31 EPS for the current year.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, insider Loic Eloy sold 22,139 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total transaction of $219,397.49. Following the sale, the insider now owns 177,663 shares in the company, valued at $1,760,640.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Loic Eloy sold 22,139 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total value of $219,397.49. Following the transaction, the insider now owns 177,663 shares of the company’s stock, valued at approximately $1,760,640.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,165,857.99. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,639 shares of company stock worth $539,247. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Mirion Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,308,031 shares of the company’s stock worth $242,272,000 after buying an additional 159,404 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Mirion Technologies by 509.8% during the 2nd 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. State of New Jersey Common Pension Fund D bought a new stake in Mirion Technologies in the second quarter worth $1,890,000. Bank of New York Mellon Corp boosted its position in Mirion Technologies by 13.6% during the second quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock valued at $8,772,000 after buying an additional 97,887 shares during the period. Finally, Rice Hall James & Associates LLC bought a new position in shares of Mirion Technologies during the second quarter valued at about $2,377,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.