Centrus Energy (NYSE:LEU) Trading Down 6.5% – What’s Next?

Centrus Energy Corp. (NYSE:LEU) was down 6.5% on Tuesday . The company traded as low as $71.60 and last traded at $71.78. Approximately 89,079 shares traded hands during mid-day 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

Several analysts have commented on LEU shares. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Roth Mkm lowered their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, B. Riley lifted their price objective on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Stock Down 3.6 %

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 company has a market cap of $1.14 billion, a PE ratio of 14.47 and a beta of 1.12. The company’s fifty day moving average is $81.45 and its 200-day moving average is $56.99.

Centrus Energy (NYSE:LEU) last released its quarterly 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 firm had revenue of $57.70 million during 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, analysts predict that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently made changes to their positions in LEU. Point72 DIFC Ltd bought a new position in shares of Centrus Energy in the 2nd quarter worth approximately $42,000. nVerses Capital LLC increased its holdings in Centrus Energy by 133.3% during 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 position in Centrus Energy by 181.8% in the second 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 period. Heritage Investors Management Corp purchased a new position in shares of Centrus Energy during the 3rd quarter worth $203,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Centrus Energy during the 2nd quarter worth $233,000. 49.96% of the stock is currently owned by 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.