Centrus Energy (NYSE:LEU) Shares Gap Up – Here’s Why

Centrus Energy Corp. (NYSE:LEU)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $77.39, but opened at $83.34. Centrus Energy shares last traded at $88.50, with a volume of 641,675 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LEU. Roth Mkm lowered shares of Centrus Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $55.00 to $62.00 in a research report on Thursday, October 10th. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Finally, Roth Capital lowered shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.00.

Centrus Energy Stock Performance

The stock has a 50 day moving average of $48.56 and a two-hundred day moving average of $45.37. The stock has a market capitalization of $1.54 billion, a PE ratio of 21.63 and a beta of 1.32. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.52 and a quick ratio of 1.02.

Centrus Energy (NYSE:LEU) last issued its earnings results on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $0.77 by $1.12. The company had revenue of $189.00 million for the quarter, compared to analyst estimates of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. Research analysts expect that Centrus Energy Corp. will post 3.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEU. Point72 DIFC Ltd purchased a new stake in shares of Centrus Energy during the 2nd quarter worth approximately $42,000. Wolff Wiese Magana LLC acquired a new position in Centrus Energy during the second quarter worth $43,000. nVerses Capital LLC boosted its position in Centrus Energy by 133.3% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after purchasing an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Centrus Energy by 181.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after purchasing an additional 1,754 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Centrus Energy in the first quarter valued at $216,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.