Centrus Energy (NYSE:LEU) Reaches New 1-Year Low – Should You Sell?

Shares of Centrus Energy Corp. (NYSE:LEU) hit a new 52-week low during trading on Wednesday . The company traded as low as $146.67 and last traded at $146.0020, with a volume of 559090 shares traded. The stock had previously closed at $156.02.

Analyst Ratings Changes

Several brokerages have recently issued reports on LEU. Roth Mkm reaffirmed a “neutral” rating and issued a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. Weiss Ratings cut shares of Centrus Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Northland Securities set a $285.00 price target on Centrus Energy in a research note on Thursday, February 12th. Finally, UBS Group reduced their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $268.18.

Centrus Energy Stock Performance

The company has a quick ratio of 4.88, a current ratio of 5.72 and a debt-to-equity ratio of 1.52. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 20.25 and a beta of 1.34. The stock’s fifty day moving average is $190.24 and its 200-day moving average is $227.23.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.72. The company had revenue of $76.70 million for the quarter, compared to analyst estimates of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. On average, analysts forecast that Centrus Energy Corp. will post 2.7 EPS for the current year.

Insider Activity at Centrus Energy

In other news, CFO Todd M. Tinelli sold 306 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in LEU. Vermillion Wealth Management Inc. boosted its position in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Centrus Energy in the fourth quarter worth $30,000. Western Wealth Management LLC bought a new stake in shares of Centrus Energy in the first quarter worth $31,000. RiverPark Advisors LLC acquired a new position in Centrus Energy during the third quarter worth $33,000. Finally, Fulcrum Asset Management LLP bought a new position in Centrus Energy in the third quarter valued at $34,000. 49.96% of the stock is currently owned by institutional investors and hedge funds.

About Centrus Energy

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.