Centrus Energy (NYSE:LEU) Stock Price Down 6.1% – Should You Sell?

Centrus Energy Corp. (NYSE:LEU)’s stock price dropped 6.1% on Friday . The company traded as low as $180.42 and last traded at $182.89. 138,480 shares traded hands during trading, a decline of 85% from the average daily volume of 924,484 shares. The stock had previously closed at $194.78.

Analysts Set New Price Targets

A number of analysts have issued reports on LEU shares. UBS Group lifted their price target on shares of Centrus Energy from $170.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Citigroup dropped their price objective on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Needham & Company LLC cut their price objective on Centrus Energy from $264.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. Finally, Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight 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 target price of $242.00.

Centrus Energy Trading Down 8.8%

The company has a quick ratio of 4.52, a current ratio of 5.39 and a debt-to-equity ratio of 1.39. The stock’s 50 day moving average is $174.83 and its 200-day moving average is $187.40. The company has a market cap of $3.54 billion, a PE ratio of 80.76, a P/E/G ratio of 24.20 and a beta of 1.36.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $1.03. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. The business had revenue of $176.10 million during the quarter. During the same period in the previous year, the business earned $1.59 earnings per share. The business’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Centrus Energy Corp. will post 2.59 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. boosted its holdings in shares of Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Western Wealth Management LLC bought a new position in shares of Centrus Energy during the 1st quarter valued at approximately $31,000. Fulcrum Asset Management LLP purchased a new stake in Centrus Energy during the 3rd quarter valued at $34,000. Leonteq Securities AG purchased a new stake in Centrus Energy during the 1st quarter valued at $35,000. Finally, Hilton Head Capital Partners LLC bought a new stake in Centrus Energy in the fourth quarter worth $36,000. 49.96% of the stock is currently 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.