Centrus Energy (NYSE:LEU) Shares Gap Up – What’s Next?

Centrus Energy Corp. (NYSE:LEU) gapped up prior to trading on Wednesday . The stock had previously closed at $71.57, but opened at $76.00. Centrus Energy shares last traded at $75.96, with a volume of 144,218 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on the company. Roth Capital downgraded Centrus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley increased their price target on shares of Centrus Energy from $88.00 to $126.00 and gave the stock 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 for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Price Performance

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’s fifty day moving average is $80.87 and its 200-day moving average is $56.31. The stock has a market cap of $1.23 billion, a PE ratio of 15.68 and a beta of 1.12.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Monday, October 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.48). The firm had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. As a group, equities analysts anticipate that Centrus Energy Corp. will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sara Bay Financial lifted its position in shares of Centrus Energy by 3.9% during the second quarter. Sara Bay Financial now owns 337,201 shares of the company’s stock worth $14,415,000 after purchasing an additional 12,514 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Centrus Energy by 10.1% during the second quarter. SeaCrest Wealth Management LLC now owns 5,715 shares of the company’s stock worth $244,000 after buying an additional 525 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Centrus Energy by 382.1% during the second quarter. Bank of New York Mellon Corp now owns 222,607 shares of the company’s stock worth $9,516,000 after buying an additional 176,431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Centrus Energy by 181.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after acquiring an additional 1,754 shares in the last quarter. Finally, nVerses Capital LLC lifted its stake in Centrus Energy by 133.3% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $60,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds 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.