Centrus Energy (NYSE:LEU) Sees Strong Trading Volume – Should You Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) saw unusually-high trading volume on Monday . Approximately 488,055 shares were traded during trading, an increase of 63% from the previous session’s volume of 298,548 shares.The stock last traded at $95.63 and had previously closed at $98.59.

Analyst Upgrades and Downgrades

Several brokerages have commented on LEU. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm downgraded shares of Centrus Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $55.00 to $62.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.00.

Centrus Energy Stock Performance

The company has a 50 day simple moving average of $48.56 and a 200-day simple moving average of $45.36. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 17.57 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47.

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

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in Centrus Energy during the 2nd quarter valued at $42,000. Wolff Wiese Magana LLC acquired a new stake in shares of Centrus Energy in the 2nd quarter worth about $43,000. nVerses Capital LLC lifted its position in Centrus Energy by 133.3% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after acquiring an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Centrus Energy by 181.8% during the 2nd 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 bought a new stake in Centrus Energy during the first quarter worth $216,000. 49.96% of the stock is owned by institutional investors and hedge funds.

About Centrus Energy

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.