Centrus Energy (NYSE:LEU) Trading Down 4.9% - Time to Sell?

Key Points

• Centrus Energy Corp. shares fell by 4.9%, closing at $231.62, amid lower trading volume compared to average levels.
• Analyst ratings show a mixed outlook, with one strong buy, seven buy, and six hold ratings, indicating a general sentiment of moderate buy from analysts.
• The company's Q2 earnings surpassed expectations, reporting $1.59 EPS, though revenue declined 18.3% year-over-year.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares were down 4.9% during mid-day trading on Tuesday . The stock traded as low as $226.43 and last traded at $231.62. Approximately 357,079 shares were traded during trading, a decline of 66% from the average daily volume of 1,054,873 shares. The stock had previously closed at $243.48.

Analyst Ratings Changes

Several research firms recently weighed in on LEU. Northland Capmk raised shares of Centrus Energy to a "strong-buy" rating in a report on Monday, July 7th. Bank of America restated a "neutral" rating and set a $285.00 price objective (up previously from $210.00) on shares of Centrus Energy in a report on Thursday, August 7th. William Blair reaffirmed an "outperform" rating on shares of Centrus Energy in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on Centrus Energy from $150.00 to $164.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, B. Riley reiterated a "buy" rating and set a $221.00 price target (up from $134.00) on shares of Centrus Energy in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Stock Performance

The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 52.43 and a beta of 1.53. The stock has a 50-day moving average of $210.11 and a 200-day moving average of $140.33. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.Centrus Energy's revenue was down 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. As a group, analysts anticipate that Centrus Energy Corp. will post 2.63 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Institutional investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in Centrus Energy in the first quarter valued at about $28,000. State of Wyoming bought a new position in Centrus Energy in the fourth quarter valued at about $33,000. Nisa Investment Advisors LLC grew its position in Centrus Energy by 157.7% in the second quarter. Nisa Investment Advisors LLC now owns 183 shares of the company's stock valued at $34,000 after acquiring an additional 112 shares during the last quarter. USA Financial Formulas bought a new position in Centrus Energy in the second quarter valued at about $35,000. Finally, Harbour Investments Inc. grew its position in Centrus Energy by 1,181.3% in the second quarter. Harbour Investments Inc. now owns 205 shares of the company's stock valued at $38,000 after acquiring an additional 189 shares during the last quarter. 49.96% of the stock is currently 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.

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