Cameco (NYSE:CCJ) Stock Price Down 3.8% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price fell 3.8% on Monday . The stock traded as low as $46.73 and last traded at $47.22. 5,178,500 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 4,709,515 shares. The stock had previously closed at $49.08.

Cameco Trading Down 2.9 %

The company’s fifty day moving average is $51.59 and its two-hundred day moving average is $49.59. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 244.89 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Institutional Trading of Cameco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new stake in Cameco during the fourth quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in Cameco during the fourth quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the fourth quarter worth approximately $28,000. Pingora Partners LLC acquired a new stake in Cameco during the third quarter worth approximately $33,000. Finally, Whipplewood Advisors LLC acquired a new stake in Cameco during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.