Mirion Technologies (NYSE:MIR) Hits New 52-Week Low – What’s Next?

Mirion Technologies, Inc. (NYSE:MIR)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $14.11 and last traded at $14.5850, with a volume of 10606027 shares trading hands. The stock had previously closed at $16.79.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MIR. Morgan Stanley reduced their price target on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $23.00 price objective on shares of Mirion Technologies in a report on Wednesday. Citigroup reduced their target price on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mirion Technologies has a consensus rating of “Moderate Buy” and an average price target of $26.71.

Mirion Technologies Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 145.85 and a beta of 1.03. The stock has a 50 day moving average price of $17.21 and a 200-day moving average price of $19.84.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $266.80 million during the quarter, compared to the consensus estimate of $269.32 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 2.39%.The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, analysts forecast that Mirion Technologies, Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the transaction, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its holdings in shares of Mirion Technologies by 4.3% in the 4th quarter. State Street Corp now owns 9,198,795 shares of the company’s stock valued at $215,436,000 after buying an additional 382,449 shares during the period. Geode Capital Management LLC boosted its holdings in Mirion Technologies by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after acquiring an additional 157,687 shares during the period. Goldman Sachs Group Inc. grew its position in Mirion Technologies by 3.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock valued at $122,920,000 after acquiring an additional 193,914 shares in the last quarter. UBS Group AG grew its position in Mirion Technologies by 1.2% in the 4th quarter. UBS Group AG now owns 4,852,587 shares of the company’s stock valued at $113,648,000 after acquiring an additional 55,754 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Mirion Technologies by 14.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock worth $87,240,000 after purchasing an additional 591,730 shares during the period. 78.51% of the stock is currently 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.