Cameco (NYSE:CCJ) Stock Price Down 0.4% - Here's Why

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO shares traded down 0.4% on Wednesday . The company traded as low as $48.97 and last traded at $49.66. 528,819 shares traded hands during trading, a decline of 88% from the average session volume of 4,446,815 shares. The stock had previously closed at $49.85.

Cameco Price Performance

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 business's 50-day moving average is $52.07 and its two-hundred day moving average is $49.47. The company has a market capitalization of $20.56 billion, a P/E ratio of 248.56 and a beta of 0.94.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. FMR LLC raised its position in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the period. Vanguard Group Inc. raised its position in Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. raised its position in Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the period. CIBC Asset Management Inc raised its position in Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company's stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the period. Finally, Norges Bank bought a new stake in Cameco in the fourth quarter worth about $188,595,000. 70.21% of the stock is owned by institutional investors.

About Cameco

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.