Mirion Technologies (NYSE:MIR) Upgraded to “Strong-Buy” at B. Riley

B. Riley upgraded shares of Mirion Technologies (NYSE:MIR) to a strong-buy rating in a report issued on Wednesday morning, Zacks.com reports.

Mirion Technologies Stock Performance

MIR opened at $11.03 on Wednesday. The business has a 50 day moving average price of $10.40 and a two-hundred day moving average price of $10.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.55. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of -26.89 and a beta of 0.79. Mirion Technologies has a 1-year low of $6.70 and a 1-year high of $11.78.

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 business had revenue of $207.10 million during the quarter, compared to analyst estimates of $210.77 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis.

Insider Activity

In related news, insider Emmanuelle Lee sold 5,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Emmanuelle Lee sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total transaction of $54,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,165,857.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,639 shares of company stock worth $568,947. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of large investors have recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in shares of Mirion Technologies during the second quarter worth approximately $39,000. Central Pacific Bank Trust Division acquired a new stake in shares of Mirion Technologies during the 1st quarter valued at $85,000. Algert Global LLC purchased a new position in shares of Mirion Technologies during the 2nd quarter valued at $189,000. Bayesian Capital Management LP acquired a new position in shares of Mirion Technologies in the first quarter worth $226,000. Finally, Lazard Asset Management LLC boosted its position in Mirion Technologies by 19.8% during the first quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock valued at $258,000 after purchasing an additional 3,753 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

About Mirion Technologies

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.