Centrus Energy (NYSE:LEU) Trading Down 6.5% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s stock price dropped 6.5% during trading on Tuesday . The stock traded as low as $71.60 and last traded at $71.78. Approximately 89,079 shares were traded during trading, a decline of 82% from the average daily volume of 492,420 shares. The stock had previously closed at $76.74.

Wall Street Analyst Weigh In

LEU has been the subject of a number of recent research reports. Roth Mkm decreased their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. B. Riley lifted their price target on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Down 3.6 %

The firm’s 50 day moving average is $81.45 and its 200 day moving average is $56.99. The company has a market cap of $1.14 billion, a PE ratio of 14.47 and a beta of 1.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). The business had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently added to or reduced their stakes in LEU. Point72 DIFC Ltd bought a new position in shares of Centrus Energy during the 2nd quarter valued at $42,000. nVerses Capital LLC grew its holdings in Centrus Energy by 133.3% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 buying an additional 1,754 shares in the last quarter. Heritage Investors Management Corp bought a new position in shares of Centrus Energy during the third quarter valued at $203,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Centrus Energy during the 2nd quarter valued at about $233,000. 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.