Centrus Energy (NYSE:LEU) Stock Price Down 4.5%

Centrus Energy Corp. (NYSE:LEU)’s share price traded down 4.5% during trading on Thursday . The company traded as low as $41.87 and last traded at $42.01. 81,139 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 220,159 shares. The stock had previously closed at $44.00.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com upgraded Centrus Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Roth Mkm decreased their price target on Centrus Energy from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, May 9th.

Centrus Energy Price Performance

The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $670.32 million, a P/E ratio of 9.35 and a beta of 1.34. The stock has a 50 day moving average of $44.53 and a 200-day moving average of $45.99.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.88). Centrus Energy had a return on equity of 2,962.50% and a net margin of 23.94%. The business had revenue of $43.70 million for the quarter, compared to the consensus estimate of $72.70 million. On average, equities research analysts anticipate that Centrus Energy Corp. will post 2.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Centrus Energy by 6.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 761,229 shares of the company’s stock worth $41,418,000 after acquiring an additional 47,789 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Centrus Energy by 189.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 98,438 shares of the company’s stock worth $5,587,000 after acquiring an additional 64,421 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Centrus Energy by 10.4% in the 4th quarter. Vontobel Holding Ltd. now owns 6,046 shares of the company’s stock worth $329,000 after acquiring an additional 569 shares in the last quarter. Jump Financial LLC bought a new position in shares of Centrus Energy in the 4th quarter worth $386,000. Finally, SG Americas Securities LLC raised its position in shares of Centrus Energy by 24.8% in the 4th quarter. SG Americas Securities LLC now owns 7,030 shares of the company’s stock worth $383,000 after acquiring an additional 1,397 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

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.