Mirion Technologies (NYSE:MIR) Reaches New 12-Month Low – Should You Sell?

Mirion Technologies, Inc. (NYSE:MIR) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.16 and last traded at $16.21, with a volume of 762439 shares traded. The stock had previously closed at $17.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MIR shares. Morgan Stanley reduced their price target on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 11th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Robert W. Baird reduced their price target on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Citigroup reduced their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mirion Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $27.13.

Mirion Technologies Trading Down 6.2%

The stock has a market capitalization of $3.99 billion, a P/E ratio of 159.36 and a beta of 1.03. The stock has a 50-day moving average price of $18.73 and a two-hundred day moving average price of $21.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19.

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

Insider Buying and Selling at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies 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 sale, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Mirion Technologies by 25.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock valued at $48,000 after purchasing an additional 414 shares in the last quarter. US Bancorp DE raised its stake in shares of Mirion Technologies by 6.6% in the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock worth $160,000 after purchasing an additional 425 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Mirion Technologies by 4.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock worth $247,000 after purchasing an additional 484 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of Mirion Technologies by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company’s stock worth $2,929,000 after purchasing an additional 505 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Mirion Technologies by 1.7% in the third quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company’s stock worth $746,000 after purchasing an additional 550 shares during the last quarter. 78.51% of the stock is currently owned by 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.