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Mirion Technologies (NYSE:MIR) Coverage Initiated at Citigroup

Written by Amanda

Analysts at Citigroup started coverage on shares of Mirion Technologies (NYSE:MIRGet Rating) in a report released on Friday, The Fly reports. The firm set a “buy” rating on the stock.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $7.44 on Friday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -4.51 and a beta of 0.52. Mirion Technologies has a 12-month low of $5.40 and a 12-month high of $9.53. The firm has a 50 day moving average of $8.04 and a 200 day moving average of $7.50. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.43.

Insiders Place Their Bets

In other Mirion Technologies news, major shareholder Charterhouse General Partners sold 9,786,153 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $8.64, for a total value of $84,552,361.92. Following the completion of the transaction, the insider now directly owns 14,960,702 shares in the company, valued at $129,260,465.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.68% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds have recently modified their holdings of MIR. Nomura Holdings Inc. purchased a new position in shares of Mirion Technologies in the fourth quarter worth $34,485,000. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in shares of Mirion Technologies in the fourth quarter worth $21,345,000. State Street Corp lifted its holdings in shares of Mirion Technologies by 869.2% in the second quarter. State Street Corp now owns 3,267,594 shares of the company’s stock worth $18,821,000 after buying an additional 2,930,457 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Mirion Technologies by 16.3% in the third quarter. Vanguard Group Inc. now owns 12,490,947 shares of the company’s stock worth $93,307,000 after buying an additional 1,753,745 shares in the last quarter. Finally, P2 Capital Partners LLC lifted its holdings in shares of Mirion Technologies by 33.9% in the fourth quarter. P2 Capital Partners LLC now owns 5,526,935 shares of the company’s stock worth $36,533,000 after buying an additional 1,398,510 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.

Mirion Technologies Company Profile

(Get Rating)

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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About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai