Centrus Energy (NYSE:LEU) Trading 7.4% Higher - Time to Buy?

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s share price traded up 7.4% during mid-day trading on Tuesday . The stock traded as high as $90.00 and last traded at $90.19. 522,380 shares traded hands during trading, a decline of 14% from the average session volume of 605,901 shares. The stock had previously closed at $84.00.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Centrus Energy to a "sell" rating in a report on Monday, February 10th. HC Wainwright assumed coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 price objective for the company. Finally, Citigroup assumed coverage on Centrus Energy in a research note on Tuesday. They issued a "neutral" rating and a $104.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $147.00.

Centrus Energy Price Performance

The stock has a market cap of $1.34 billion, a P/E ratio of 18.10 and a beta of 1.35. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.46 and a current ratio of 2.93. The business has a 50 day simple moving average of $87.19 and a 200-day simple moving average of $73.78.

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Insider Activity

In other news, SVP Larry B. Cutlip sold 4,000 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $120.31, for a total transaction of $481,240.00. Following the transaction, the senior vice president now owns 9,402 shares of the company's stock, valued at $1,131,154.62. This represents a 29.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cape Investment Advisory Inc. purchased a new position in shares of Centrus Energy during the 4th quarter valued at $27,000. PNC Financial Services Group Inc. lifted its holdings in Centrus Energy by 77.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company's stock worth $29,000 after purchasing an additional 192 shares in the last quarter. State of Wyoming purchased a new stake in Centrus Energy during the 4th quarter worth about $33,000. Altshuler Shaham Ltd purchased a new stake in Centrus Energy during the 4th quarter worth about $49,000. Finally, National Bank of Canada FI purchased a new stake in Centrus Energy during the 4th quarter worth about $51,000. Hedge funds and other institutional investors 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.