Cameco (NYSE:CCJ) Stock Price Down 0.3% – Should You Sell?

Cameco Co. (NYSE:CCJ) (TSE:CCO) dropped 0.3% during trading on Thursday . The company traded as low as $49.00 and last traded at $49.47. Approximately 841,268 shares changed hands during trading, a decline of 81% from the average daily volume of 4,409,301 shares. The stock had previously closed at $49.63.

Cameco Trading Down 3.8 %

The firm has a market capitalization of $20.56 billion, a PE ratio of 248.56 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. The business’s fifty day moving average price is $52.07 and its 200 day moving average price is $49.47.

Institutional Investors Weigh In On Cameco

A number of institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA grew its holdings in Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 191 shares during the period. S.A. Mason LLC grew its holdings in Cameco by 6.0% in the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 206 shares during the period. Larson Financial Group LLC grew its holdings in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 226 shares during the period. Heritage Wealth Management Inc. grew its stake in Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after buying an additional 250 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after buying an additional 267 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

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.