Uranium Energy (NYSEAMERICAN:UEC) Stock Price Down 7.2% - Time to Sell?

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) shares traded down 7.2% during trading on Friday . The stock traded as low as $6.58 and last traded at $6.48. 5,497,004 shares traded hands during trading, a decline of 19% from the average session volume of 6,813,650 shares. The stock had previously closed at $6.98.

Analyst Upgrades and Downgrades

UEC has been the subject of several research analyst reports. Roth Mkm restated a "buy" rating and issued a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. National Bank Financial began coverage on Uranium Energy in a report on Wednesday, February 12th. They issued an "outperform" rating and a $10.00 price target on the stock. National Bankshares set a $10.00 price objective on Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, HC Wainwright raised their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a "buy" rating in a research note on Monday, December 9th.

Uranium Energy Price Performance

The company has a 50-day simple moving average of $6.64. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -53.54 and a beta of 1.88.

Institutional Investors Weigh In On Uranium Energy

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Uranium Energy by 107.6% during the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company's stock worth $2,350,000 after buying an additional 182,016 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company's stock worth $44,174,000 after acquiring an additional 1,645,919 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Uranium Energy in the 3rd quarter valued at $12,643,000. Intech Investment Management LLC acquired a new stake in Uranium Energy during the 3rd quarter valued at $600,000. Finally, Barclays PLC boosted its position in Uranium Energy by 394.5% during the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company's stock worth $4,329,000 after purchasing an additional 556,081 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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About Uranium Energy

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.