Centrus Energy (NYSE:LEU) Shares Gap Down – Should You Sell?

Shares of Centrus Energy Corp. (NYSE:LEU) gapped down before the market opened on Friday . The stock had previously closed at $79.34, but opened at $76.49. Centrus Energy shares last traded at $75.95, with a volume of 190,583 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on LEU. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. B. Riley lifted their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm dropped their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $92.00.

Centrus Energy Trading Down 9.4 %

The firm has a market cap of $1.18 billion, a PE ratio of 15.34 and a beta of 1.19. The firm has a fifty day simple moving average of $67.67 and a two-hundred day simple moving average of $51.50. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.48). The business had revenue of $57.70 million during the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. Equities analysts forecast that Centrus Energy Corp. will post 2.4 EPS for the current year.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Centrus Energy during the 3rd quarter worth approximately $281,000. Diamond Hill Capital Management Inc. grew its stake in Centrus Energy by 22.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company’s stock worth $6,822,000 after purchasing an additional 22,605 shares during the period. The Manufacturers Life Insurance Company bought a new position in Centrus Energy in the second quarter worth $233,000. Vontobel Holding Ltd. lifted its position in Centrus Energy by 17.3% during the third quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock valued at $303,000 after buying an additional 815 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Centrus Energy by 53.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after buying an additional 51,836 shares in the last quarter. 49.96% of the stock is currently owned by hedge funds and other 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.