Mirion Technologies (NYSE:MIR) Stock Price Up 7.3% – Should You Buy?

Mirion Technologies, Inc. (NYSE:MIR)’s stock price was up 7.3% on Tuesday. The company traded as high as $16.13 and last traded at $16.0140. Approximately 2,197,740 shares traded hands during trading, a decline of 41% from the average session volume of 3,725,519 shares. The stock had previously closed at $14.92.

Wall Street Analysts Forecast Growth

MIR has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $23.00 price objective on shares of Mirion Technologies in a research note on Wednesday, July 29th. Jefferies Financial Group initiated coverage on Mirion Technologies in a research report on Thursday, September 3rd. They issued a “buy” rating and a $20.00 price target on the stock. Citigroup decreased their price objective on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings upgraded Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, B. Riley Financial cut their price target on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.12.

Mirion Technologies Trading Up 7.4%

The business has a 50 day moving average price of $15.50 and a 200-day moving average price of $17.21. The firm has a market capitalization of $3.99 billion, a PE ratio of 160.31 and a beta of 1.10. The company has a current ratio of 3.20, a quick ratio of 2.63 and a debt-to-equity ratio of 0.64.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company 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 6.59% and a net margin of 2.39%.Mirion Technologies’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Analysts expect that Mirion Technologies, Inc. will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in shares of Mirion Technologies by 42.8% during the 3rd quarter. Versant Capital Management Inc now owns 2,505 shares of the company’s stock worth $35,000 after acquiring an additional 751 shares in the last quarter. Tidal Investments LLC boosted its position in Mirion Technologies by 8.5% during the second quarter. Tidal Investments LLC now owns 840,683 shares of the company’s stock worth $15,073,000 after purchasing an additional 65,670 shares in the last quarter. Nykredit A S acquired a new stake in Mirion Technologies in the second quarter valued at $137,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Mirion Technologies in the second quarter valued at $276,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Mirion Technologies in the second quarter valued at $2,597,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, and analysis solutions for customers operating in highly regulated and safety-sensitive environments. The company develops hardware, software, and services used to monitor radiation, protect personnel, manage nuclear materials, and support compliance with industry and government standards.

Its offerings include radiation detectors and spectrometers, personal dosimetry and health-physics systems, nuclear instrumentation and control equipment, contamination monitoring systems, and related data-management software.