Centrus Energy (NYSE:LEU) Trading Up 5.2% – Here’s Why

Shares of Centrus Energy Corp. (NYSE:LEU) shot up 5.2% on Thursday . The company traded as high as $95.78 and last traded at $95.54. 323,702 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 664,639 shares. The stock had previously closed at $90.81.

Wall Street Analyst Weigh In

LEU has been the topic of a number of research analyst reports. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Roth Mkm decreased their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, B. Riley upped their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Performance

The stock has a market cap of $1.55 billion, a P/E ratio of 19.74 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The business’s 50-day moving average price is $75.34 and its 200-day moving average price is $62.25.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). The firm had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. As a group, sell-side analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current fiscal year.

Institutional Trading of Centrus Energy

Several hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in shares of Centrus Energy in the 2nd quarter worth $42,000. Heritage Investors Management Corp purchased a new position in Centrus Energy in the third quarter worth about $203,000. CWA Asset Management Group LLC purchased a new stake in Centrus Energy during the third quarter valued at approximately $244,000. Janus Henderson Group PLC bought a new stake in shares of Centrus Energy in the 3rd quarter valued at approximately $250,000. Finally, SG Americas Securities LLC purchased a new position in shares of Centrus Energy in the 3rd quarter worth approximately $281,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.