Centrus Energy (NYSE:LEU) Shares Gap Up - Here's What Happened

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $77.83, but opened at $81.63. Centrus Energy shares last traded at $80.55, with a volume of 232,588 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on LEU. Roth Mkm decreased their price target 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. B. Riley raised their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Roth Capital lowered Centrus Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Centrus Energy has an average rating of "Hold" and an average target price of $92.00.

Centrus Energy Stock Performance

The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 18.48 and a beta of 1.17. The stock has a 50 day moving average of $75.22 and a 200 day moving average of $61.72. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported ($0.30) earnings per share 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 the consensus estimate of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. As a group, analysts predict that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in Centrus Energy in the second quarter worth $42,000. Heritage Investors Management Corp bought a new stake in shares of Centrus Energy during the 3rd quarter valued at $203,000. The Manufacturers Life Insurance Company bought a new position in Centrus Energy in the 2nd quarter worth about $233,000. CWA Asset Management Group LLC bought a new position in shares of Centrus Energy during the 3rd quarter valued at about $244,000. Finally, Janus Henderson Group PLC purchased a new stake in Centrus Energy during the 3rd quarter valued at about $250,000. Institutional investors own 49.96% of the company's stock.

About Centrus Energy

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.