Centrus Energy (NYSE:LEU) Trading 6.3% Higher - Time to Buy?

Centrus Energy Corp. (NYSE:LEU - Get Free Report) was up 6.3% during trading on Friday . The company traded as high as $78.98 and last traded at $78.69. Approximately 200,372 shares changed hands during trading, a decline of 63% from the average daily volume of 540,734 shares. The stock had previously closed at $74.06.

Analysts Set New Price Targets

Several brokerages have issued reports on LEU. Roth Capital downgraded Centrus Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. B. Riley lifted their price target on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Roth Mkm decreased their price objective on shares of Centrus Energy from $62.00 to $58.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Centrus Energy has an average rating of "Hold" and an average target price of $92.00.

Centrus Energy Price Performance

The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 16.25 and a beta of 1.17. The company has a 50 day moving average price of $75.49 and a 200 day moving average price of $61.34.

Centrus Energy (NYSE:LEU - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $56.50 million. As a group, equities research analysts forecast that Centrus Energy Corp. will post 2.28 earnings per share for the current year.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in Centrus Energy by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,099 shares of the company's stock valued at $673,000 after purchasing an additional 562 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Centrus Energy by 39.8% in the 4th quarter. SG Americas Securities LLC now owns 7,174 shares of the company's stock valued at $478,000 after buying an additional 2,043 shares during the period. TB Alternative Assets Ltd. bought a new stake in shares of Centrus Energy in the 4th quarter valued at $7,907,000. Hanseatic Management Services Inc. acquired a new stake in Centrus Energy during the 4th quarter worth $422,000. Finally, SeaCrest Wealth Management LLC lifted its holdings in Centrus Energy by 131.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 11,715 shares of the company's stock worth $780,000 after acquiring an additional 6,645 shares in the last quarter. 49.96% of the stock is owned by institutional investors.

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.