Centrus Energy (NYSE:LEU) Trading Down 7.3% - What's Next?

Centrus Energy Corp. (NYSE:LEU - Get Free Report)'s stock price dropped 7.3% during mid-day trading on Monday . The stock traded as low as $62.73 and last traded at $62.35. Approximately 60,906 shares traded hands during trading, a decline of 91% from the average daily volume of 674,203 shares. The stock had previously closed at $67.26.

Analyst Ratings Changes

LEU has been the topic of a number of recent research reports. HC Wainwright started coverage on Centrus Energy in a research note on Tuesday, February 25th. They issued a "buy" rating and a $300.00 target price on the stock. Craig Hallum began coverage on Centrus Energy in a research note on Tuesday, April 1st. They issued a "buy" rating and a $129.00 price target for the company. Citigroup started coverage on Centrus Energy in a report on Tuesday, March 4th. They issued a "neutral" rating and a $104.00 price objective on the stock. Finally, StockNews.com upgraded shares of Centrus Energy to a "sell" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Centrus Energy presently has a consensus rating of "Hold" and a consensus target price of $143.40.

Centrus Energy Stock Performance

The stock has a fifty day moving average price of $73.26 and a 200 day moving average price of $79.08. The company has a current ratio of 2.93, a quick ratio of 2.46 and a debt-to-equity ratio of 3.09. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 15.77 and a beta of 1.26.

Insider Buying and Selling at Centrus Energy

In other news, SVP Larry B. Cutlip sold 4,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $120.31, for a total value of $481,240.00. Following the completion of the sale, the senior vice president now directly owns 9,402 shares in the company, valued at approximately $1,131,154.62. The trade was a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cape Investment Advisory Inc. bought a new stake in Centrus Energy during the fourth quarter valued at about $27,000. PNC Financial Services Group Inc. lifted its position in shares of 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 during the last quarter. State of Wyoming bought a new stake in Centrus Energy during the 4th quarter valued at approximately $33,000. Altshuler Shaham Ltd acquired a new stake in Centrus Energy in the 4th quarter valued at approximately $49,000. Finally, National Bank of Canada FI bought a new position in Centrus Energy in the 4th quarter worth approximately $51,000. Institutional investors own 49.96% of the company's stock.

About Centrus Energy

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.