Centrus Energy (NYSE:LEU) Trading Up 8.1% – Here’s What Happened

Centrus Energy Corp. (NYSE:LEU)’s share price was up 8.1% during mid-day trading on Friday . The company traded as high as $89.50 and last traded at $87.62. Approximately 584,016 shares changed hands during trading, an increase of 105% from the average daily volume of 285,232 shares. The stock had previously closed at $81.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Roth Mkm lowered 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 note on Thursday, October 10th. Finally, StockNews.com raised shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.00.

Centrus Energy Stock Up 21.6 %

The business has a fifty day moving average price of $48.56 and a two-hundred day moving average price of $45.37. The firm has a market cap of $1.55 billion, a PE ratio of 21.67 and a beta of 1.32. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.52 and a quick ratio of 1.02.

Centrus Energy (NYSE:LEU) last released its earnings results 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. The company had revenue of $189.00 million for the quarter, compared to analysts’ expectations of $82.70 million. Centrus Energy had a return on equity of 299.92% and a net margin of 22.96%. On average, analysts anticipate that Centrus Energy Corp. will post 3.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Centrus Energy

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in shares of Centrus Energy in the second quarter worth $42,000. Wolff Wiese Magana LLC acquired a new position in Centrus Energy in the 2nd quarter worth about $43,000. nVerses Capital LLC raised its stake in shares of Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after purchasing an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after buying an additional 1,754 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Centrus Energy in the 1st quarter valued at approximately $216,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.