Centrus Energy (NYSE:LEU) Trading Down 8.2% – Time to Sell?

Centrus Energy Corp. (NYSE:LEU)’s stock price fell 8.2% during mid-day trading on Thursday . The stock traded as low as $292.02 and last traded at $296.5780. 446,356 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,137,115 shares. The stock had previously closed at $322.97.

Wall Street Analyst Weigh In

LEU has been the topic of a number of research reports. Zacks Research upgraded Centrus Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Northland Securities set a $325.00 price objective on Centrus Energy in a report on Wednesday. Evercore ISI restated an “outperform” rating and issued a $390.00 target price on shares of Centrus Energy in a research report on Monday. William Blair reiterated an “outperform” rating on shares of Centrus Energy in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Centrus Energy from $275.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $253.33.

Centrus Energy Stock Up 6.8%

The firm has a market cap of $5.57 billion, a PE ratio of 46.46 and a beta of 1.24. The company has a debt-to-equity ratio of 3.23, a quick ratio of 2.79 and a current ratio of 3.46. The company’s 50-day simple moving average is $266.45 and its two-hundred day simple moving average is $259.17.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Centrus Energy had a net margin of 25.04% and a return on equity of 37.14%. Centrus Energy’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) EPS. On average, analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Several hedge funds have recently made changes to their positions in LEU. Aventura Private Wealth LLC purchased a new stake in Centrus Energy in the fourth quarter worth $30,000. RiverPark Advisors LLC bought a new position in Centrus Energy in the 3rd quarter worth $33,000. Nisa Investment Advisors LLC lifted its position in shares of Centrus Energy by 157.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 183 shares of the company’s stock worth $34,000 after purchasing an additional 112 shares during the period. Fulcrum Asset Management LLP bought a new stake in shares of Centrus Energy during the 3rd quarter valued at about $34,000. Finally, USA Financial Formulas purchased a new position in shares of Centrus Energy during the second quarter valued at about $35,000. 49.96% of the stock is owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.