Mirion Technologies (NYSE:MIR) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Mirion Technologies, Inc. (NYSE:MIR) saw unusually-strong trading volume on Tuesday . Approximately 749,424 shares traded hands during mid-day trading, a decline of 35% from the previous session’s volume of 1,161,406 shares.The stock last traded at $13.90 and had previously closed at $13.58.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 price objective on the stock.

Mirion Technologies Trading Down 2.2 %

The firm has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $10.74. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.25 billion, a PE ratio of -35.49 and a beta of 0.79.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $207.10 million for the quarter, compared to analysts’ expectations of $210.77 million. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. Equities analysts forecast that Mirion Technologies, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $10.87, for a total value of $81,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at $16,783,464.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mirion Technologies news, insider Loic Eloy sold 22,139 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total transaction of $219,397.49. Following the completion of the sale, the insider now directly owns 177,663 shares in the company, valued at $1,760,640.33. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $10.87, for a total transaction of $81,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,783,464.79. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,639 shares of company stock valued at $568,947. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC lifted its holdings in shares of Mirion Technologies by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 351,478 shares of the company’s stock worth $3,891,000 after acquiring an additional 980 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Mirion Technologies by 90.5% in the third quarter. Exchange Traded Concepts LLC now owns 22,698 shares of the company’s stock worth $251,000 after purchasing an additional 10,781 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Mirion Technologies by 17.9% during the third quarter. Handelsbanken Fonder AB now owns 55,231 shares of the company’s stock valued at $611,000 after buying an additional 8,400 shares during the last quarter. Algert Global LLC purchased a new position in shares of Mirion Technologies in the second quarter worth about $189,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Mirion Technologies by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 110,022 shares of the company’s stock valued at $1,182,000 after acquiring an additional 4,957 shares during the last quarter. 78.51% of the stock is owned by 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.