Centrus Energy (NYSE:LEU) Shares Gap Down - Should You Sell?

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $79.34, but opened at $76.49. Centrus Energy shares last traded at $75.95, with a volume of 190,583 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LEU. StockNews.com raised shares of Centrus Energy to a "sell" rating in a research report on Wednesday, August 7th. Roth Capital cut shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. B. Riley boosted their price target 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 Mkm lowered their price objective on Centrus Energy from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Centrus Energy has an average rating of "Hold" and a consensus target price of $92.00.

Centrus Energy Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.15 billion, a P/E ratio of 14.65 and a beta of 1.19. The company's 50 day moving average price is $68.52 and its 200-day moving average price is $51.69.

Centrus Energy (NYSE:LEU - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. As a group, sell-side analysts expect that Centrus Energy Corp. will post 2.4 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Centrus Energy by 79.3% during the third quarter. FMR LLC now owns 426,249 shares of the company's stock worth $23,380,000 after acquiring an additional 188,478 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Centrus Energy by 382.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company's stock worth $9,516,000 after purchasing an additional 176,431 shares in the last quarter. Point72 Asset Management L.P. grew its position in Centrus Energy by 53.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company's stock valued at $6,338,000 after purchasing an additional 51,836 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company's stock valued at $14,048,000 after buying an additional 46,254 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in shares of Centrus Energy in the 3rd quarter worth about $2,089,000. 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.