Centrus Energy (NYSE:LEU) Trading Down 2.2%

Centrus Energy Corp. (NYSE:LEU) shares dropped 2.2% on Tuesday . The stock traded as low as $38.30 and last traded at $38.30. Approximately 18,382 shares changed hands during trading, a decline of 92% from the average daily volume of 227,072 shares. The stock had previously closed at $39.17.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LEU. Roth Mkm reduced their price target on shares of Centrus Energy from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th.

Centrus Energy Price Performance

The stock has a market capitalization of $597.88 million, a P/E ratio of 8.59 and a beta of 1.33. The business has a fifty day simple moving average of $42.69 and a 200 day simple moving average of $43.51. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share (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 for the quarter, compared to analyst estimates of $82.70 million. On average, analysts expect that Centrus Energy Corp. will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new position in Centrus Energy during the second quarter worth $43,000. nVerses Capital LLC raised its stake in Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after buying an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Centrus Energy by 181.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after purchasing an additional 1,754 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Centrus Energy during the 1st quarter worth about $216,000. Finally, Victory Capital Management Inc. grew its holdings in Centrus Energy by 26.9% during the second quarter. Victory Capital Management Inc. now owns 7,557 shares of the company’s stock worth $323,000 after acquiring an additional 1,600 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

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.