Mirion Technologies (NYSE:MIR) Hits New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Weiss Ratings cut Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Morgan Stanley dropped their target price 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. Robert W. Baird dropped their target price 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. Finally, Citigroup dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Mirion Technologies presently has an average rating of “Moderate Buy” and an average target price of $27.13.

Mirion Technologies Trading Up 3.9%

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 $4.11 billion, a price-to-earnings ratio of 164.32 and a beta of 1.03. The company has a fifty day moving average of $18.65 and a 200-day moving average of $21.63.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) 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 company had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. During the same period in the previous year, the firm posted $0.10 EPS. Mirion Technologies’s revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities research analysts anticipate that Mirion Technologies, Inc. will post 0.51 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction dated 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. The trade was a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several institutional investors have recently bought and sold shares of MIR. Royal Bank of Canada boosted its holdings in shares of Mirion Technologies by 258.2% during the 1st quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock worth $1,433,000 after purchasing an additional 71,241 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Mirion Technologies by 124.3% during the 1st quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after purchasing an additional 110,399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Mirion Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock worth $1,783,000 after purchasing an additional 5,366 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Mirion Technologies by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock worth $6,301,000 after purchasing an additional 34,973 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $288,000. 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.