Centrus Energy (NYSE:LEU) Sees Large Volume Increase – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU) saw an uptick in trading volume on Monday . Approximately 488,055 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 298,548 shares.The stock last traded at $95.63 and had previously closed at $98.59.

Analyst Ratings Changes

Several research firms recently issued reports on LEU. Roth Mkm downgraded Centrus Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $55.00 to $62.00 in a report on Thursday, October 10th. StockNews.com raised shares of Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Finally, Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Centrus Energy currently has an average rating of “Hold” and a consensus price target of $67.00.

Centrus Energy Stock Performance

The stock has a 50-day moving average price of $50.77 and a 200 day moving average price of $46.04. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 20.47 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 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $1.12. The business had revenue of $189.00 million for the quarter, compared to the consensus estimate of $82.70 million. Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%. On average, analysts forecast that Centrus Energy Corp. will post 3.06 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in Centrus Energy in the second quarter valued at $42,000. Wolff Wiese Magana LLC purchased a new stake in Centrus Energy in the second quarter valued at approximately $43,000. nVerses Capital LLC boosted its holdings 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 acquiring an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Centrus Energy by 181.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after acquiring an additional 1,754 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in Centrus Energy in the 1st quarter valued at $216,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.