Mirion Technologies (NYSE:MIR) Stock Price Down 7.1% – What’s Next?

Mirion Technologies, Inc. (NYSE:MIR)’s stock price dropped 7.1% during trading on Monday. The stock traded as low as $14.48 and last traded at $14.4850. Approximately 2,542,441 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 3,720,201 shares. The stock had previously closed at $15.59.

Analyst Ratings Changes

MIR has been the topic of several analyst reports. Citigroup reduced their price target on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. B. Riley Financial reduced their price target on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Morgan Stanley cut their price objective on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, July 13th. Finally, Jefferies Financial Group started coverage on Mirion Technologies in a report on Thursday, September 3rd. They issued a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.12.

Mirion Technologies Stock Up 0.0%

The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $15.68 and its 200 day simple moving average is $17.34. The firm has a market cap of $3.57 billion, a P/E ratio of 143.51 and a beta of 1.05.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The company had revenue of $266.80 million for the quarter, compared to the consensus estimate of $269.32 million. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, research analysts forecast that Mirion Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Institutional Trading of Mirion Technologies

Several large investors have recently modified their holdings of MIR. Assetmark Inc. lifted its position in shares of Mirion Technologies by 8,123.8% during the 1st quarter. Assetmark Inc. now owns 3,454 shares of the company’s stock valued at $64,000 after acquiring an additional 3,412 shares during the period. Nykredit A S acquired a new stake in Mirion Technologies in the second quarter worth $137,000. Balefire LLC acquired a new stake in Mirion Technologies in the second quarter worth $226,000. Altshuler Shaham Ltd increased its stake in Mirion Technologies by 12.3% in the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock valued at $244,000 after purchasing an additional 1,443 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Mirion Technologies by 16.9% during the fourth quarter. Corient Private Wealth LLC now owns 14,510 shares of the company’s stock valued at $339,000 after purchasing an additional 2,099 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Company Profile

Mirion Technologies, Inc develops and provides radiation detection, measurement, and analysis solutions. Its products and services are used to monitor radiation, support nuclear safety, improve operational efficiency, and provide data for medical, industrial, scientific, and government applications.

The company’s offerings include radiation detectors, spectroscopy systems, dosimetry and personnel-monitoring solutions, radiation-monitoring equipment, and related software and services. In healthcare, Mirion provides technologies used in radiation therapy quality assurance, medical imaging, and radiation safety.