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

Shares of Centrus Energy Corp. (NYSE:LEU) fell 6.5% on Monday . The company traded as low as $72.80 and last traded at $73.21. 336,185 shares traded hands during trading, a decline of 31% from the average session volume of 489,992 shares. The stock had previously closed at $78.29.

Analyst Upgrades and Downgrades

LEU has been the subject of several analyst reports. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Roth Mkm lowered their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, B. Riley upped their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Trading Down 7.4 %

The company has a market capitalization of $1.19 billion, a P/E ratio of 16.34 and a beta of 1.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The business’s 50-day moving average price is $79.86 and its two-hundred day moving average price is $55.69.

Centrus Energy (NYSE:LEU) last posted its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share 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 business had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. As a group, analysts forecast that Centrus Energy Corp. will post 2.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in Centrus Energy in the 2nd quarter worth $42,000. nVerses Capital LLC grew its holdings in shares of Centrus Energy by 133.3% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after buying an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Centrus Energy by 181.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after buying an additional 1,754 shares during the last quarter. Heritage Investors Management Corp bought a new stake in Centrus Energy in the 3rd quarter valued at approximately $203,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Centrus Energy in the 2nd quarter valued at approximately $233,000. Institutional investors own 49.96% of the company’s stock.

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.