Centrus Energy (NYSE:LEU) Stock Price Down 6.6% – Time to Sell?

Centrus Energy Corp. (NYSE:LEU) dropped 6.6% during trading on Wednesday . The company traded as low as $194.08 and last traded at $191.9820. Approximately 143,718 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,042,040 shares. The stock had previously closed at $205.59.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LEU. Stifel Nicolaus set a $246.00 price target on Centrus Energy in a research report on Thursday, February 12th. Northland Securities set a $285.00 price objective on shares of Centrus Energy in a research note on Thursday, February 12th. Zacks Research cut shares of Centrus Energy from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $390.00 target price on shares of Centrus Energy in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Centrus Energy from $245.00 to $242.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Centrus Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.82.

Centrus Energy Stock Performance

The business has a fifty day simple moving average of $197.83 and a two-hundred day simple moving average of $255.51. The company has a market cap of $4.15 billion, a P/E ratio of 50.56 and a beta of 1.35. The company has a quick ratio of 4.83, a current ratio of 5.59 and a debt-to-equity ratio of 1.54.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.63). Centrus Energy had a return on equity of 15.52% and a net margin of 17.34%.The business had revenue of $146.20 million during the quarter, compared to analysts’ expectations of $145.40 million. Centrus Energy’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Centrus Energy Corp. will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of Centrus Energy by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 363 shares of the company’s stock worth $88,000 after buying an additional 36 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Centrus Energy by 3.1% during the fourth quarter. Prospera Financial Services Inc now owns 1,340 shares of the company’s stock valued at $325,000 after buying an additional 40 shares during the last quarter. IFP Advisors Inc grew its holdings in Centrus Energy by 38.3% during the 3rd quarter. IFP Advisors Inc now owns 148 shares of the company’s stock valued at $46,000 after buying an additional 41 shares in the last quarter. Rothschild Investment LLC increased its stake in Centrus Energy by 54.9% in the 3rd quarter. Rothschild Investment LLC now owns 127 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Centrus Energy by 23.2% in the 3rd quarter. Allworth Financial LP now owns 239 shares of the company’s stock worth $74,000 after acquiring an additional 45 shares during the last quarter. 49.96% of the stock is currently owned by institutional investors.

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.