Centrus Energy (NYSE:LEU) Shares Gap Up – What’s Next?

Centrus Energy Corp. (NYSE:LEU) gapped up prior to trading on Thursday . The stock had previously closed at $77.39, but opened at $83.34. Centrus Energy shares last traded at $88.50, with a volume of 641,675 shares traded.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Roth Mkm cut shares of Centrus Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $55.00 to $62.00 in a research report on Thursday, October 10th. Finally, Roth Capital cut Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.00.

Centrus Energy Price Performance

The stock has a 50 day moving average of $46.57 and a two-hundred day moving average of $44.73. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52. The stock has a market cap of $1.38 billion, a PE ratio of 15.78 and a beta of 1.32.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $0.77 by $1.12. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. The firm had revenue of $189.00 million for the quarter, compared to analyst estimates of $82.70 million. Equities analysts anticipate that Centrus Energy Corp. will post 3.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LEU. Point72 DIFC Ltd bought a new position in shares of Centrus Energy in the second quarter valued at approximately $42,000. Wolff Wiese Magana LLC acquired a new position in shares of Centrus Energy during the second quarter valued at about $43,000. nVerses Capital LLC lifted its stake in shares of Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after buying an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Centrus Energy by 181.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after acquiring an additional 1,754 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in Centrus Energy in the 1st quarter valued at approximately $216,000. 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.