Centrus Energy (NYSE:LEU) Trading Up 5.2% – Here’s Why

Centrus Energy Corp. (NYSE:LEU) shares rose 5.2% on Thursday . The company traded as high as $95.78 and last traded at $95.54. Approximately 323,702 shares changed hands during trading, a decline of 51% from the average daily volume of 664,639 shares. The stock had previously closed at $90.81.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LEU. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Roth Mkm cut their price target on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, B. Riley boosted their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Trading Up 3.9 %

The company has a 50 day moving average of $75.34 and a two-hundred day moving average of $62.25. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The stock has a market capitalization of $1.55 billion, a PE ratio of 19.74 and a beta of 1.17.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.48). The company had revenue of $57.70 million for the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. Sell-side analysts predict that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Trading of Centrus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEU. Point72 DIFC Ltd acquired a new stake in shares of Centrus Energy during the second quarter worth about $42,000. Heritage Investors Management Corp acquired a new stake in Centrus Energy during the 3rd quarter worth about $203,000. CWA Asset Management Group LLC acquired a new position in shares of Centrus Energy in the 3rd quarter valued at about $244,000. Janus Henderson Group PLC acquired a new stake in Centrus Energy during the third quarter worth about $250,000. Finally, SG Americas Securities LLC acquired a new stake in Centrus Energy during the third quarter worth about $281,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.