Centrus Energy (NYSE:LEU) Shares Gap Up - Should You Buy?

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $79.90, but opened at $83.92. Centrus Energy shares last traded at $82.86, with a volume of 373,063 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LEU shares. Roth Capital downgraded shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Roth Mkm dropped their price target on shares of Centrus Energy from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded Centrus Energy to a "sell" rating in a report on Wednesday, August 7th. Finally, B. Riley lifted their target price on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned 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 Stock Up 8.7 %

The business has a 50 day moving average of $73.12 and a 200 day moving average of $53.02. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.06 and a beta of 1.19. 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 posted its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.48). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The firm had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. On average, equities analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Evermay Wealth Management LLC grew its holdings in shares of Centrus Energy by 3.5% during the 3rd quarter. Evermay Wealth Management LLC now owns 5,175 shares of the company's stock valued at $284,000 after purchasing an additional 175 shares during the last quarter. Old West Investment Management LLC increased its stake in Centrus Energy by 3.3% during the 2nd quarter. Old West Investment Management LLC now owns 9,889 shares of the company's stock valued at $423,000 after purchasing an additional 316 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in Centrus Energy by 10.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company's stock valued at $244,000 after purchasing an additional 525 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Centrus Energy by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,544 shares of the company's stock valued at $1,185,000 after purchasing an additional 766 shares in the last quarter. Finally, nVerses Capital LLC increased its stake in Centrus Energy by 133.3% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company's stock valued at $60,000 after purchasing an additional 800 shares in 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.