Centrus Energy (NYSE:LEU) Trading Down 6.7% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s stock price traded down 6.7% on Wednesday . The company traded as low as $85.28 and last traded at $85.42. 673,312 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 433,241 shares. The stock had previously closed at $91.51.

Analyst Ratings Changes

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

Centrus Energy Trading Down 10.8 %

The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 17.17 and a beta of 1.19. The business’s 50 day moving average price is $66.78 and its 200-day moving average price is $51.28. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Centrus Energy (NYSE:LEU) last issued its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The company had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. Equities analysts expect that Centrus Energy Corp. will post 2.4 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Evermay Wealth Management LLC raised its stake in Centrus Energy by 3.5% during the third quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company’s stock worth $284,000 after acquiring an additional 175 shares during the period. Old West Investment Management LLC raised its stake in Centrus Energy by 3.3% during the second quarter. Old West Investment Management LLC now owns 9,889 shares of the company’s stock worth $423,000 after acquiring an additional 316 shares during the period. SeaCrest Wealth Management LLC raised its stake in Centrus Energy by 10.1% during the second quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company’s stock worth $244,000 after acquiring an additional 525 shares during the period. Russell Investments Group Ltd. raised its stake in Centrus Energy by 2.8% during 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 during the period. Finally, nVerses Capital LLC raised its stake 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 acquiring an additional 800 shares during the period. Institutional investors and hedge funds 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.