Mirion Technologies (NYSE:MIR) Sets New 52-Week Low – Here’s Why

Shares of Mirion Technologies, Inc. (NYSE:MIR) reached a new 52-week low during trading on Thursday . The stock traded as low as $16.43 and last traded at $16.7430, with a volume of 368561 shares traded. The stock had previously closed at $16.96.

Wall Street Analysts Forecast Growth

Several research firms have commented on MIR. Citigroup lowered their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Robert W. Baird lowered their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Melius Research raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, The Goldman Sachs Group lowered their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mirion Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $27.13.

Mirion Technologies Price Performance

The company’s 50 day moving average price is $18.89 and its 200-day moving average price is $22.13. The company has a market capitalization of $4.59 billion, a PE ratio of 183.30 and a beta of 1.07. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share (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 company had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $244.78 million. During the same period in the previous year, the company earned $0.10 EPS. The business’s quarterly revenue 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. On average, sell-side analysts forecast that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is owned by corporate insiders.

Institutional Trading of Mirion Technologies

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Mirion Technologies during the 3rd quarter valued at $25,000. UMB Bank n.a. grew its stake in shares of Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after buying an additional 856 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after buying an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Mirion Technologies by 58.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock valued at $40,000 after acquiring an additional 631 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Mirion Technologies by 78.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock valued at $47,000 after acquiring an additional 887 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

About Mirion Technologies

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.