Mirion Technologies (NYSE:MIR) Director Lawrence Kingsley Sells 300,000 Shares of Stock

Mirion Technologies, Inc. (NYSE:MIR) Director Lawrence Kingsley sold 300,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $23.83, for a total value of $7,149,000.00. Following the completion of the transaction, the director owned 3,900,000 shares in the company, valued at approximately $92,937,000. This represents a 7.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mirion Technologies Trading Up 5.5%

NYSE:MIR traded up $1.25 on Friday, hitting $23.82. 5,388,056 shares of the stock were exchanged, compared to its average volume of 4,554,087. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. Mirion Technologies, Inc. has a 52 week low of $12.00 and a 52 week high of $30.28. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 216.57 and a beta of 0.88. The company’s 50-day moving average price is $24.76 and its 200 day moving average price is $21.83.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $222.17 million. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities research analysts forecast that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Mirion Technologies

Several large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Mirion Technologies during the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC bought a new position in Mirion Technologies in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new position in Mirion Technologies in the third quarter valued at approximately $30,000. Fortress Investment Group LLC acquired a new position in shares of Mirion Technologies in the second quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its position 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 worth $35,000 after acquiring an additional 1,354 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Northland Securities lifted their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Robert W. Baird lifted their price objective on Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. The Goldman Sachs Group upped their price objective on Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Mirion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $28.50.

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.