Centrus Energy (NYSE:LEU) Stock Price Down 4.3% - Here's Why

Shares of Centrus Energy Corp. (NYSE:LEU - Get Free Report) were down 4.3% during trading on Tuesday . The stock traded as low as $74.00 and last traded at $74.68. Approximately 1,737,789 shares traded hands during mid-day trading, an increase of 352% from the average daily volume of 384,564 shares. The stock had previously closed at $78.00.

Wall Street Analysts Forecast Growth

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 Mkm decreased their price target on shares of Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. B. Riley increased their price objective 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 Capital lowered shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $92.00.

Centrus Energy Trading Down 3.6 %

The company's 50 day moving average price is $61.65 and its two-hundred day moving average price is $49.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.03. The stock has a market capitalization of $1.22 billion, a PE ratio of 15.69 and a beta of 1.19.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its 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 return on equity of 138.38% and a net margin of 19.24%. The firm had revenue of $57.70 million for the quarter, compared to analysts' expectations of $56.50 million. As a group, analysts expect that Centrus Energy Corp. will post 2.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Centrus Energy by 117.4% during the third quarter. Victory Capital Management Inc. now owns 16,431 shares of the company's stock worth $901,000 after purchasing an additional 8,874 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Centrus Energy by 22.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 124,381 shares of the company's stock valued at $6,822,000 after acquiring an additional 22,605 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Centrus Energy during the 3rd quarter valued at approximately $244,000. Heritage Investors Management Corp acquired a new stake in shares of Centrus Energy during the 3rd quarter valued at approximately $203,000. Finally, Evermay Wealth Management LLC lifted its position 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 acquiring an additional 175 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.