Cameco (NYSE:CCJ) Trading Down 4.8% – What’s Next?

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price dropped 4.8% during trading on Friday . The stock traded as low as $44.05 and last traded at $44.31. Approximately 2,344,339 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 4,526,420 shares. The stock had previously closed at $46.54.

Cameco Trading Down 6.8 %

The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $51.00 and a 200 day moving average of $49.62. The firm has a market cap of $18.88 billion, a PE ratio of 228.01 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 3.33% and a net margin of 4.15%. Equities analysts anticipate that Cameco Co. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Cameco

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 642 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Cameco by 1.9% during the third quarter. Sequoia Financial Advisors LLC now owns 75,520 shares of the basic materials company’s stock worth $3,607,000 after purchasing an additional 1,444 shares during the period. Private Advisor Group LLC increased its stake in shares of Cameco by 8.3% during the third quarter. Private Advisor Group LLC now owns 65,251 shares of the basic materials company’s stock valued at $3,117,000 after purchasing an additional 5,011 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Cameco during the third quarter valued at approximately $95,830,000. Finally, Riverwater Partners LLC bought a new position in shares of Cameco during the third quarter valued at approximately $350,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.