Centrus Energy (NYSE:LEU) Shares Down 6% - Time to Sell?

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) traded down 6% during mid-day trading on Tuesday . The company traded as low as $74.07 and last traded at $76.67. 467,826 shares were traded during trading, a decline of 22% from the average session volume of 598,517 shares. The stock had previously closed at $81.58.

Wall Street Analyst Weigh In

LEU has been the subject of a number of recent analyst reports. B. Riley boosted their price objective on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Roth Mkm reduced their price objective 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. Finally, Roth Capital lowered shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $92.00.

Centrus Energy Trading Down 9.7 %

The company has a 50 day moving average of $79.17 and a 200 day moving average of $59.59. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 15.38 and a beta of 1.17.

Centrus Energy (NYSE:LEU - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. The business had revenue of $57.70 million during the quarter, compared to analysts' expectations of $56.50 million. On average, research analysts predict that Centrus Energy Corp. will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEU. FMR LLC lifted its holdings in shares of Centrus Energy by 79.3% in the 3rd quarter. FMR LLC now owns 426,249 shares of the company's stock worth $23,380,000 after acquiring an additional 188,478 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Centrus Energy by 4.9% in the third quarter. Geode Capital Management LLC now owns 319,935 shares of the company's stock valued at $17,552,000 after buying an additional 15,080 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Centrus Energy by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company's stock valued at $12,727,000 after buying an additional 8,678 shares during the period. Bank of New York Mellon Corp lifted its stake in Centrus Energy by 382.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company's stock worth $9,516,000 after acquiring an additional 176,431 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in Centrus Energy by 18.6% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 204,093 shares of the company's stock valued at $8,725,000 after acquiring an additional 32,000 shares during the period. Institutional investors and hedge funds own 49.96% of the company's stock.

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.