Centrus Energy (NYSE:LEU) Sets New 52-Week Low – Here’s Why

Centrus Energy Corp. (NYSE:LEU) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $142.13 and last traded at $151.4670, with a volume of 84673 shares. The stock had previously closed at $147.07.

Analyst Upgrades and Downgrades

LEU has been the subject of several research analyst reports. Bank of America dropped their price target on shares of Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Citigroup decreased their price target on shares of Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Needham & Company LLC assumed coverage on shares of Centrus Energy in a research note on Thursday, July 9th. They set a “buy” rating and a $264.00 price objective for the company. Roth Capital dropped their price objective on Centrus Energy from $230.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Finally, Zacks Research upgraded Centrus Energy from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and an average target price of $252.08.

Centrus Energy Stock Up 1.6%

The company has a current ratio of 5.72, a quick ratio of 4.88 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 19.39 and a beta of 1.35. The firm has a 50 day moving average price of $174.71 and a two-hundred day moving average price of $210.68.

Centrus Energy (NYSE:LEU) last posted its earnings results on Tuesday, May 5th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. The firm had revenue of $76.70 million during the quarter, compared to the consensus estimate of $76.13 million. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 EPS. On average, equities analysts expect that Centrus Energy Corp. will post 2.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Centrus Energy

Large investors have recently made changes to their positions in the business. Vermillion Wealth Management Inc. boosted its position in Centrus Energy by 5,000.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Aventura Private Wealth LLC acquired a new stake in Centrus Energy in the 4th quarter valued at $30,000. Western Wealth Management LLC purchased a new position in Centrus Energy in the first quarter valued at about $31,000. Fulcrum Asset Management LLP purchased a new position in Centrus Energy in the third quarter valued at about $34,000. Finally, Leonteq Securities AG acquired a new position in shares of Centrus Energy during the first quarter worth about $35,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.