Cameco (NYSE:CCJ) Trading Down 4.8% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO) shares were down 4.8% on Friday . The stock traded as low as $44.05 and last traded at $44.31. Approximately 2,344,339 shares changed hands during trading, a decline of 48% from the average daily volume of 4,526,420 shares. The stock had previously closed at $46.54.

Cameco Stock Down 6.8 %

The company has a market cap of $18.88 billion, a P/E ratio of 228.01 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 company’s 50-day moving average is $51.00 and its two-hundred day moving average is $49.62.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities analysts predict that Cameco Co. will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cameco

A number of large investors have recently added to or reduced their stakes in CCJ. Sierra Ocean LLC bought a new stake in Cameco in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco during the 4th quarter worth $28,000. Pingora Partners LLC purchased a new position in shares of Cameco during the 3rd quarter valued at $33,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Cameco during the 4th quarter valued at $33,000. 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.