Investors Buy Large Volume of Call Options on Mirion Technologies (NYSE:MIR)

Mirion Technologies, Inc. (NYSE:MIR) was the recipient of some unusual options trading on Monday. Stock investors bought 5,856 call options on the company. This is an increase of approximately 199% compared to the average daily volume of 1,961 call options.

Mirion Technologies Stock Performance

Shares of NYSE:MIR traded down $0.84 during trading on Monday, reaching $17.61. 2,290,522 shares of the company’s stock traded hands, compared to its average volume of 3,660,424. The stock has a market capitalization of $4.41 billion, a P/E ratio of 175.96 and a beta of 1.03. Mirion Technologies has a 12 month low of $15.58 and a 12 month high of $30.28. The company has a 50 day moving average of $18.37 and a 200-day moving average of $21.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63.

Mirion Technologies (NYSE:MIR) last issued its 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. The firm had revenue of $257.60 million for the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. Mirion Technologies’s revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities analysts expect that Mirion Technologies will post 0.51 EPS for the current year.

Insiders Place Their Bets

In other Mirion Technologies 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 transaction of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MIR. Advisory Services Network LLC acquired a new stake in Mirion Technologies in the third quarter worth $25,000. UMB Bank n.a. lifted its stake in Mirion Technologies by 175.4% in the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after buying an additional 856 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after acquiring an additional 1,354 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Mirion Technologies by 58.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock valued at $40,000 after acquiring an additional 631 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Mirion Technologies by 78.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after acquiring an additional 887 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MIR. JPMorgan Chase & Co. dropped their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Morgan Stanley dropped their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. Robert W. Baird reduced their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Melius Research raised Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.12.

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.