Mirion Technologies (NYSE:MIR) Shares Gap Down to $7.92

Mirion Technologies logoMirion Technologies, Inc. (NYSE:MIR – Get Rating) gapped down before the market opened on Friday . The stock had previously closed at $7.92, but opened at $7.34. Mirion Technologies shares last traded at $7.52, with a volume of 885,314 shares.

Analyst Ratings Changes

Separately, Citigroup upped their target price on Mirion Technologies from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th.

Mirion Technologies Trading Down 4.8 %

The business has a fifty day moving average of $8.08 and a 200-day moving average of $7.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.50 and a current ratio of 2.18. The company has a market capitalization of $1.70 billion, a P/E ratio of -4.57 and a beta of 0.52.

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Mirion Technologies (NYSE:MIR – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $217.90 million during the quarter. Mirion Technologies had a positive return on equity of 2.38% and a negative net margin of 41.71%.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, major shareholder Charterhouse General Partners sold 9,786,153 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $8.64, for a total value of $84,552,361.92. Following the transaction, the insider now owns 14,960,702 shares of the company’s stock, valued at $129,260,465.28. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. 2.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds have recently made changes to their positions in MIR. ProShare Advisors LLC lifted its position in shares of Mirion Technologies by 16.7% during the 4th quarter. ProShare Advisors LLC now owns 17,628 shares of the company’s stock valued at $117,000 after acquiring an additional 2,524 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Mirion Technologies in the 3rd quarter valued at about $71,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Mirion Technologies in the 3rd quarter valued at about $158,000. Acuitas Investments LLC acquired a new stake in shares of Mirion Technologies in the 3rd quarter valued at about $330,000. Finally, Epacria Capital Partners LLC acquired a new stake in shares of Mirion Technologies in the 4th quarter valued at about $107,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Mirion Technologies Company Profile

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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, and Japan. It operates through two segments, Medical and Industrial. The medical segment offers radiation oncology quality assurance and dosimetry solutions; patient safety solutions for diagnostic imaging and radiation therapy centers; radiation therapy quality assurance solutions for calibrating and verifying imaging and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, such as shielding, product handling, medical imaging furniture, and rehabilitation products.

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