Centrus Energy (NYSE:LEU) Trading Down 6.5% - Here's What Happened

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price dropped 6.5% during trading on Tuesday . The stock traded as low as $71.60 and last traded at $71.78. Approximately 89,079 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 492,420 shares. The stock had previously closed at $76.74.

Analyst Ratings Changes

Several equities analysts recently issued reports on LEU shares. Roth Capital cut shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. B. Riley increased 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 cut their price target on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. One research 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 data from MarketBeat, the company has an average rating of "Hold" and an average target price of $92.00.

Centrus Energy Stock Down 6.2 %

The business's 50 day moving average price is $81.19 and its 200 day moving average price is $56.74. The firm has a market cap of $1.18 billion, a PE ratio of 15.02 and a beta of 1.12. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03.

Centrus Energy (NYSE:LEU - Get Free Report) last released 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 analysts' expectations of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. On average, equities research analysts expect that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LEU. Point72 DIFC Ltd purchased a new position in Centrus Energy in the second quarter valued at about $42,000. nVerses Capital LLC grew its position in shares of Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company's stock valued at $60,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company's stock worth $115,000 after purchasing an additional 1,754 shares in the last quarter. Heritage Investors Management Corp purchased a new stake in Centrus Energy in the 3rd quarter valued at approximately $203,000. Finally, CWA Asset Management Group LLC purchased a new position in Centrus Energy during the third quarter worth $244,000. 49.96% of the stock is 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.