Cameco (NYSE:CCJ) Stock Price Down 0.4% – Here’s What Happened

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s stock price was down 0.4% on Wednesday . The stock traded as low as $48.97 and last traded at $49.66. Approximately 528,819 shares changed hands during trading, a decline of 88% from the average daily volume of 4,446,815 shares. The stock had previously closed at $49.85.

Cameco Stock Down 0.5 %

The firm has a market capitalization of $21.59 billion, a price-to-earnings ratio of 260.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a 50 day moving average of $52.51 and a 200 day moving average of $49.47.

Hedge Funds Weigh In On Cameco

Several hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Cameco during the second quarter worth approximately $349,000. Park Avenue Securities LLC grew its holdings in Cameco by 18.9% during the 3rd quarter. Park Avenue Securities LLC now owns 4,975 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 790 shares during the period. Ritholtz Wealth Management bought a new stake in shares of Cameco during the 3rd quarter valued at $304,000. Exchange Traded Concepts LLC lifted its stake in shares of Cameco by 89.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 54,913 shares of the basic materials company’s stock valued at $2,623,000 after purchasing an additional 25,910 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares during the period. Institutional investors own 70.21% of the company’s stock.

About Cameco

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.