Centrus Energy (NYSE:LEU) Shares Gap Up – Time to Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) gapped up prior to trading on Friday . The stock had previously closed at $79.90, but opened at $83.92. Centrus Energy shares last traded at $82.86, with a volume of 373,063 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on LEU shares. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Roth Mkm cut their target price on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com upgraded Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Finally, B. Riley lifted their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Trading Up 0.7 %

The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44. The stock has a 50-day simple moving average of $72.18 and a two-hundred day simple moving average of $52.74. The firm has a market capitalization of $1.32 billion, a P/E ratio of 18.25 and a beta of 1.19.

Centrus Energy (NYSE:LEU) last posted 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). 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 the consensus estimate of $56.50 million. On average, equities research analysts anticipate that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Institutional Trading of Centrus Energy

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in Centrus Energy by 79.3% during the 3rd quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after purchasing an additional 188,478 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Centrus Energy by 382.1% during the second quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after buying an additional 176,431 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Centrus Energy by 53.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after acquiring an additional 51,836 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Centrus Energy by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after acquiring an additional 46,254 shares during the period. Finally, L & S Advisors Inc purchased a new position in shares of Centrus Energy during the third quarter worth about $2,089,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.