Centrus Energy (NYSE:LEU) Shares Gap Up – Here’s Why

Centrus Energy Corp. (NYSE:LEU) gapped up prior to trading on Tuesday . The stock had previously closed at $81.87, but opened at $85.33. Centrus Energy shares last traded at $83.43, with a volume of 96,096 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley boosted their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm reduced their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $92.00.

Centrus Energy Stock Up 5.0 %

The firm has a market cap of $1.38 billion, a P/E ratio of 17.62 and a beta of 1.17. The firm’s fifty day moving average is $76.43 and its 200 day moving average is $64.86. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Institutional Trading of Centrus Energy

A number of institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Centrus Energy during the 4th quarter worth approximately $225,000. Cape Investment Advisory Inc. acquired a new position in Centrus Energy during the fourth quarter valued at approximately $27,000. Canton Hathaway LLC bought a new stake in Centrus Energy during the fourth quarter worth $161,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Centrus Energy in the 4th quarter valued at $716,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Centrus Energy during the 4th quarter worth $113,000. Institutional investors own 49.96% of the company’s stock.

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.