Centrus Energy (NYSE:LEU) Shares Gap Down – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $92.00, but opened at $83.50. Centrus Energy shares last traded at $81.45, with a volume of 477,117 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Roth Mkm cut their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, B. Riley boosted 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Down 13.4 %

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 $76.08 and its 200 day moving average price is $63.14. The firm has a market cap of $1.31 billion, a PE ratio of 16.62 and a beta of 1.17.

Centrus Energy (NYSE:LEU) last released 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 net margin of 19.24% and a return on equity of 138.38%. The firm had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. On average, equities research analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LEU. Point72 DIFC Ltd acquired a new stake in shares of Centrus Energy in the second quarter valued at approximately $42,000. Heritage Investors Management Corp purchased a new stake in shares of Centrus Energy in the third quarter valued at about $203,000. The Manufacturers Life Insurance Company acquired a new stake in Centrus Energy during the second quarter worth about $233,000. CWA Asset Management Group LLC acquired a new position in Centrus Energy in the 3rd quarter valued at about $244,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Centrus Energy in the 3rd quarter valued at approximately $250,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

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.