Mirion Technologies (NYSE:MIR) Shares Up 3.2%

Mirion Technologies, Inc. (NYSE:MIR)’s share price shot up 3.2% on Thursday . The company traded as high as $10.92 and last traded at $10.91. 119,659 shares were traded during trading, a decline of 90% from the average session volume of 1,145,187 shares. The stock had previously closed at $10.57.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MIR. TheStreet raised shares of Mirion Technologies from a “d” rating to a “b-” rating in a research report on Wednesday, February 14th. Citigroup increased their target price on shares of Mirion Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, April 8th.

Mirion Technologies Stock Up 2.8 %

The company has a market capitalization of $2.46 billion, a PE ratio of -21.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.48 and a current ratio of 2.03. The stock’s 50 day moving average is $10.41 and its 200 day moving average is $9.40.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.12 EPS for the quarter. The company had revenue of $230.40 million for the quarter. Mirion Technologies had a negative net margin of 12.01% and a positive return on equity of 3.09%.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, CFO Brian Schopfer sold 90,910 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $11.00, for a total value of $1,000,010.00. Following the sale, the chief financial officer now directly owns 211,167 shares in the company, valued at approximately $2,322,837. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Mirion Technologies

Several institutional investors and hedge funds have recently made changes to their positions in MIR. Quantbot Technologies LP raised its position in shares of Mirion Technologies by 143.0% during the 2nd quarter. Quantbot Technologies LP now owns 5,170 shares of the company’s stock valued at $29,000 after buying an additional 3,042 shares in the last quarter. Royal Bank of Canada purchased a new stake in shares of Mirion Technologies during the 1st quarter valued at $63,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Mirion Technologies during the 2nd quarter valued at $75,000. Prelude Capital Management LLC purchased a new stake in shares of Mirion Technologies during the 1st quarter valued at $85,000. Finally, Citigroup Inc. grew its holdings in shares of Mirion Technologies by 162.3% during the 1st quarter. Citigroup Inc. now owns 10,915 shares of the company’s stock valued at $93,000 after purchasing an additional 6,754 shares during the last quarter. Hedge funds and other 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.