Mirion Technologies (NYSE:MIR) Sees Unusually-High Trading Volume

Mirion Technologies, Inc. (NYSE:MIR) shares saw strong trading volume on Wednesday . 1,116,041 shares were traded during trading, a decline of 4% from the previous session’s volume of 1,164,259 shares.The stock last traded at $9.98 and had previously closed at $10.87.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MIR shares. Citigroup lifted their target price on Mirion Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, April 8th. TheStreet raised shares of Mirion Technologies from a “d” rating to a “b-” rating in a research report on Wednesday, February 14th.

Mirion Technologies Price Performance

The company has a market cap of $2.26 billion, a price-to-earnings ratio of -20.40 and a beta of 0.81. The company has a 50-day simple moving average of $10.61 and a 200-day simple moving average of $9.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.48 and a current ratio of 2.03.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.12 earnings per share (EPS) for the quarter. Mirion Technologies had a negative net margin of 12.01% and a positive return on equity of 3.09%. The company had revenue of $230.40 million during the quarter.

Insider Buying and Selling

In other news, CFO Brian Schopfer sold 90,910 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $11.00, for a total value of $1,000,010.00. Following the completion of the transaction, the chief financial officer now directly owns 211,167 shares of the company’s stock, valued at $2,322,837. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.57% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Mirion Technologies during the first quarter worth $563,000. Nomura Holdings Inc. increased its holdings in shares of Mirion Technologies by 11.2% during the 4th quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company’s stock worth $50,395,000 after buying an additional 493,939 shares during the last quarter. P2 Capital Partners LLC grew its position in Mirion Technologies by 8.8% during the fourth quarter. P2 Capital Partners LLC now owns 5,847,122 shares of the company’s stock valued at $59,933,000 after acquiring an additional 474,414 shares during the period. Cibc World Markets Corp lifted its stake in shares of Mirion Technologies by 38.7% in the 4th quarter. Cibc World Markets Corp now owns 1,075,000 shares of the company’s stock valued at $11,019,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Mirion Technologies in the 4th quarter valued at approximately $361,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.