Cameco (NYSE:CCJ) Shares Down 0.8% – Time to Sell?

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) traded down 0.8% during trading on Wednesday . The stock traded as low as $49.72 and last traded at $49.93. 939,041 shares traded hands during trading, a decline of 80% from the average session volume of 4,723,176 shares. The stock had previously closed at $50.32.

Cameco Trading Up 2.6 %

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 firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 263.02 and a beta of 0.94. The firm’s 50 day moving average is $53.07 and its 200 day moving average is $49.35.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. Equities analysts forecast that Cameco Co. will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco during the fourth quarter worth $28,000. Pingora Partners LLC acquired a new position in shares of Cameco during the third quarter valued at about $33,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Cameco in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.