Centrus Energy (NYSE:LEU) Shares Down 6.5% – Should You Sell?

Centrus Energy Corp. (NYSE:LEU)’s stock price dropped 6.5% during mid-day trading on Monday . The stock traded as low as $72.80 and last traded at $73.21. Approximately 336,185 shares traded hands during trading, a decline of 31% from the average daily volume of 489,992 shares. The stock had previously closed at $78.29.

Analysts Set New Price Targets

LEU has been the topic of a number of analyst reports. Roth Mkm reduced their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, B. Riley upped their target price on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Centrus Energy presently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $1.23 billion, a P/E ratio of 16.03 and a beta of 1.12. The company’s 50 day moving average is $80.45 and its 200-day moving average is $56.04.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $56.50 million. As a group, equities analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Several large investors have recently added to or reduced their stakes in LEU. Sara Bay Financial raised its stake in shares of Centrus Energy by 3.9% in the second quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after purchasing an additional 12,514 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in Centrus Energy by 10.1% in 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. Bank of New York Mellon Corp lifted its stake 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 acquiring an additional 176,431 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after acquiring an additional 1,754 shares during the last quarter. Finally, nVerses Capital LLC grew 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 worth $60,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

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.