Mirion Technologies (NYSE:MIR) Coverage Initiated at B. Riley

B. Riley assumed coverage on shares of Mirion Technologies (NYSE:MIR) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $14.00 target price on the stock.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $11.05 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 2.18. Mirion Technologies has a fifty-two week low of $6.70 and a fifty-two week high of $11.78. The stock has a 50 day moving average price of $10.41 and a two-hundred day moving average price of $10.60. The company has a market capitalization of $2.51 billion, a P/E ratio of -26.95 and a beta of 0.79.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. The firm had revenue of $207.10 million during the quarter, compared to the consensus estimate of $210.77 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis.

Insider Activity

In other news, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $11.00, for a total transaction of $82,500.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at $16,984,187. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $10.80, for a total value of $54,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $11.00, for a total value of $82,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,984,187. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,639 shares of company stock valued at $568,947. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Mirion Technologies in the second quarter worth $39,000. Central Pacific Bank Trust Division bought a new stake in Mirion Technologies in the first quarter worth $85,000. Algert Global LLC bought a new stake in Mirion Technologies in the second quarter worth $189,000. Bayesian Capital Management LP bought a new stake in Mirion Technologies in the first quarter worth $226,000. Finally, Lazard Asset Management LLC boosted its holdings in Mirion Technologies by 19.8% in the first quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock worth $258,000 after acquiring an additional 3,753 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

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.