Centrus Energy (NYSE:LEU) Stock Price Down 4.3% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s stock price fell 4.3% on Tuesday . The company traded as low as $74.00 and last traded at $74.68. 1,737,789 shares traded hands during trading, an increase of 352% from the average session volume of 384,564 shares. The stock had previously closed at $78.00.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LEU. StockNews.com raised shares of Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. B. Riley raised their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Roth Mkm cut their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Down 0.6 %

The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average of $62.63 and a 200 day moving average of $49.85. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.08 and a beta of 1.19.

Centrus Energy (NYSE:LEU) last announced its earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The firm had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. As a group, equities analysts predict that Centrus Energy Corp. will post 2.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Evermay Wealth Management LLC lifted its holdings in shares of Centrus Energy by 3.5% during the third quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock valued at $284,000 after purchasing an additional 175 shares during the last quarter. Old West Investment Management LLC raised its stake in shares of Centrus Energy by 3.3% during the 2nd quarter. Old West Investment Management LLC now owns 9,889 shares of the company’s stock worth $423,000 after purchasing an additional 316 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Centrus Energy by 10.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company’s stock valued at $244,000 after buying an additional 525 shares during the last quarter. Russell Investments Group Ltd. grew its position in Centrus Energy by 2.8% in the first quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company’s stock worth $1,185,000 after acquiring an additional 766 shares in the last quarter. Finally, nVerses Capital LLC lifted its stake in shares of 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 purchasing an additional 800 shares during the last quarter. 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.