Centrus Energy (NYSE:LEU) Shares Gap Up – Should You Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) gapped up before the market opened on Tuesday . The stock had previously closed at $81.87, but opened at $85.33. Centrus Energy shares last traded at $83.43, with a volume of 96,096 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Roth Mkm lowered their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.00.

Centrus Energy Stock Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The company has a market capitalization of $1.31 billion, a P/E ratio of 16.62 and a beta of 1.17. The business has a 50-day moving average of $76.47 and a 200-day moving average of $64.34.

Institutional Investors Weigh In On Centrus Energy

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in shares of Centrus Energy by 79.3% in the third quarter. FMR LLC now owns 426,249 shares of the company’s stock worth $23,380,000 after purchasing an additional 188,478 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in shares of Centrus Energy in the fourth quarter worth about $7,907,000. Exchange Traded Concepts LLC grew its holdings in shares of Centrus Energy by 290.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 71,040 shares of the company’s stock worth $4,732,000 after purchasing an additional 52,866 shares during the last quarter. L & S Advisors Inc bought a new position in shares of Centrus Energy in the third quarter worth about $2,089,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Centrus Energy in the third quarter worth about $1,895,000. 49.96% of the stock is owned by institutional investors.

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.