Centrus Energy (NYSE:LEU) Shares Down 4.9% – Should You Sell?

Centrus Energy Corp. (NYSE:LEU) traded down 4.9% during mid-day trading on Thursday . The company traded as low as $85.25 and last traded at $86.11. 523,242 shares were traded during mid-day trading, an increase of 63% from the average session volume of 321,852 shares. The stock had previously closed at $90.53.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Roth Mkm cut shares of Centrus Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $55.00 to $62.00 in a research note on Thursday, October 10th. Finally, Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.00.

Centrus Energy Stock Up 0.8 %

The company’s fifty day moving average price is $53.78 and its 200-day moving average price is $46.91. The stock has a market cap of $1.35 billion, a P/E ratio of 18.90 and a beta of 1.32. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52.

Centrus Energy (NYSE:LEU) last posted its quarterly 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 the consensus estimate of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. Equities analysts forecast that Centrus Energy Corp. will post 3.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after purchasing an additional 17,033 shares during the period. Price T Rowe Associates Inc. MD increased its position in Centrus Energy by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after purchasing an additional 46,254 shares during the period. Sara Bay Financial increased its position in Centrus Energy by 3.9% during the 2nd quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock valued at $14,415,000 after purchasing an additional 12,514 shares during the period. Dimensional Fund Advisors LP increased its position in Centrus Energy by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company’s stock valued at $12,727,000 after purchasing an additional 8,678 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Centrus Energy by 382.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock valued at $9,516,000 after purchasing an additional 176,431 shares during the period. Hedge funds and other institutional investors own 49.96% of the company’s stock.

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.