Mirion Technologies (NYSE:MIR) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

Shares of Mirion Technologies, Inc. (NYSE:MIR) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $18.11 and traded as high as $19.67. Mirion Technologies shares last traded at $19.4860, with a volume of 5,656,887 shares trading hands.

Analyst Ratings Changes

MIR has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Mirion Technologies in a research report on Thursday, September 3rd. They issued a “buy” rating and a $20.00 price target on the stock. Weiss Ratings downgraded shares of Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $23.00 target price on shares of Mirion Technologies in a research note on Wednesday, July 29th. Citigroup lowered their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $25.00 target price (down from $27.00) on shares of Mirion Technologies in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.88.

Mirion Technologies Price Performance

The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 40.12 and a beta of 1.07. The stock has a fifty day simple moving average of $16.25 and a 200-day simple moving average of $18.04. The company has a current ratio of 3.02, a quick ratio of 2.49 and a debt-to-equity ratio of 0.65.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Mirion Technologies had a return on equity of 6.82% and a net margin of 2.69%. The company had revenue of $277.80 million during the quarter, compared to analyst estimates of $275.35 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, equities research analysts expect that Mirion Technologies, Inc. will post 0.54 EPS for the current year.

Institutional Trading of Mirion Technologies

Hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new position in shares of Mirion Technologies during the third quarter valued at about $1,831,000. Stephens Investment Management Group LLC grew its position in Mirion Technologies by 0.7% during the third quarter. Stephens Investment Management Group LLC now owns 1,689,541 shares of the company’s stock worth $23,856,000 after buying an additional 11,168 shares in the last quarter. Public Sector Pension Investment Board grew its position in Mirion Technologies by 82.2% during the third quarter. Public Sector Pension Investment Board now owns 1,531,361 shares of the company’s stock worth $21,623,000 after buying an additional 690,842 shares in the last quarter. Bessemer Group Inc. grew its position in Mirion Technologies by 0.8% during the third quarter. Bessemer Group Inc. now owns 198,896 shares of the company’s stock worth $2,809,000 after buying an additional 1,675 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Mirion Technologies by 38.8% during the third quarter. Hantz Financial Services Inc. now owns 10,339 shares of the company’s stock valued at $146,000 after acquiring an additional 2,888 shares during the period. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Company Profile

Mirion Technologies develops radiation detection, measurement and monitoring solutions for customers in the medical, nuclear energy, industrial, defense and research markets. Its products and services help organizations measure radiation, protect workers and the public, and support the safe operation of nuclear facilities. The company’s offerings include radiation-monitoring systems and instruments, personal dosimetry services, nuclear measurement and control equipment, and technologies used in medical imaging and radiation therapy.