Centrus Energy (NYSE:LEU) Trading 5% Higher

Shares of Centrus Energy Corp. (NYSE:LEU) traded up 5% during trading on Wednesday . The stock traded as high as $38.20 and last traded at $38.12. 23,083 shares were traded during trading, a decline of 90% from the average session volume of 225,621 shares. The stock had previously closed at $36.32.

Analyst Ratings Changes

LEU has been the subject of several research analyst reports. Roth Mkm decreased their price target on shares of Centrus Energy from $62.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th.

Centrus Energy Price Performance

The firm has a 50 day moving average price of $40.44 and a two-hundred day moving average price of $42.19. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.52. The company has a market cap of $612.30 million, a P/E ratio of 8.46 and a beta of 1.31.

Centrus Energy (NYSE:LEU) last announced its earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $1.12. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. The business had revenue of $189.00 million during the quarter, compared to analyst estimates of $82.70 million. On average, analysts predict that Centrus Energy Corp. will post 3.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LEU. Point72 Asset Management L.P. raised its position in Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock worth $6,338,000 after acquiring an additional 51,836 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Centrus Energy during the second quarter valued at approximately $233,000. Decade Renewable Partners LP bought a new position in shares of Centrus Energy in the second quarter worth approximately $1,479,000. AQR Capital Management LLC purchased a new stake in shares of Centrus Energy in the second quarter worth $275,000. Finally, Point72 DIFC Ltd bought a new position in Centrus Energy in the 2nd quarter worth $42,000. 49.96% of the stock is currently owned by institutional investors.

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.