Centrus Energy (NYSE:LEU) Shares Gap Down - Here's Why

Centrus Energy Corp. (NYSE:LEU - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $109.53, but opened at $93.50. Centrus Energy shares last traded at $88.71, with a volume of 901,452 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LEU shares. StockNews.com upgraded Centrus Energy to a "sell" rating in a research note on Wednesday, August 7th. Roth Mkm reduced their target price on shares of Centrus Energy from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Roth Capital cut shares of Centrus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. Finally, B. Riley upped their target price on Centrus Energy from $88.00 to $126.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $92.00.

Centrus Energy Trading Down 28.8 %

The business's 50 day simple moving average is $60.15 and its two-hundred day simple moving average is $49.08. The stock has a market cap of $1.27 billion, a P/E ratio of 17.89 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.63 and a debt-to-equity ratio of 1.44.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.48). The firm had revenue of $57.70 million for the quarter, compared to the consensus estimate of $56.50 million. Centrus Energy had a return on equity of 138.38% and a net margin of 19.24%. As a group, analysts expect that Centrus Energy Corp. will post 2.4 EPS for the current year.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company's stock valued at $31,815,000 after purchasing an additional 17,033 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Centrus Energy by 15.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company's stock worth $14,048,000 after purchasing an additional 46,254 shares in the last quarter. Sara Bay Financial lifted its stake in Centrus Energy by 3.9% in the second quarter. Sara Bay Financial now owns 337,201 shares of the company's stock valued at $14,415,000 after buying an additional 12,514 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Centrus Energy by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 297,708 shares of the company's stock worth $12,727,000 after buying an additional 8,678 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Centrus Energy by 382.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company's stock valued at $9,516,000 after acquiring an additional 176,431 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

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.