Mirion Technologies (NYSE:MIR) Reaches New 1-Year Low – Time to Sell?

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

Wall Street Analyst Weigh In

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

Mirion Technologies Stock Up 0.8%

The stock has a market capitalization of $4.28 billion, a P/E ratio of 171.36 and a beta of 1.07. 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’s fifty day moving average is $18.96 and its two-hundred day moving average is $22.23.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The firm had revenue of $257.60 million during the quarter, compared to analyst estimates of $244.78 million. During the same period in the previous year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mirion Technologies 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 transaction, the chief accounting officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MIR. Altshuler Shaham Ltd raised its position in Mirion Technologies by 12.3% in the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock worth $244,000 after purchasing an additional 1,443 shares in the last quarter. Amundi increased its stake in shares of Mirion Technologies by 198.3% in the first quarter. Amundi now owns 36,691 shares of the company’s stock valued at $682,000 after buying an additional 24,391 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Mirion Technologies by 22.2% in the 1st quarter. California State Teachers Retirement System now owns 274,096 shares of the company’s stock valued at $5,095,000 after buying an additional 49,751 shares during the period. Maverick Capital Ltd. acquired a new stake in Mirion Technologies in the first quarter worth about $49,261,000. Finally, Quantinno Capital Management LP grew its holdings in Mirion Technologies by 269.5% during the 1st quarter. Quantinno Capital Management LP now owns 41,705 shares of the company’s stock worth $775,000 after acquiring an additional 30,419 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Mirion Technologies Company Profile

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.