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

Mirion Technologies, Inc. (NYSE:MIR) shares hit a new 52-week low on Friday . The company traded as low as $15.57 and last traded at $16.10, with a volume of 184771 shares. The stock had previously closed at $16.16.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MIR. Morgan Stanley cut their price objective on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday. The Goldman Sachs Group lowered their price target on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup cut their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Robert W. Baird reduced their price objective on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.38.

Mirion Technologies Stock Down 2.1%

The stock’s fifty day moving average is $17.62 and its 200 day moving average is $20.33. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.96 billion, a P/E ratio of 159.05 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. During the same quarter last year, the firm earned $0.10 EPS. The company’s revenue was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Research analysts predict that Mirion Technologies, Inc. will post 0.54 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 the stock in a transaction dated 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 in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL raised its position in Mirion Technologies by 174,900.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after purchasing an additional 17,490,000 shares during the last quarter. UBS Group AG increased its stake in shares of Mirion Technologies by 181.4% during the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after buying an additional 3,092,136 shares during the period. Maverick Capital Ltd. bought a new position in shares of Mirion Technologies during the first quarter valued at approximately $49,261,000. TCW Group Inc. bought a new position in shares of Mirion Technologies during the fourth quarter valued at approximately $57,439,000. Finally, Invesco Ltd. lifted its stake in Mirion Technologies by 713.2% in the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after acquiring an additional 2,295,414 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.