Centrus Energy (NYSE:LEU) Trading Down 7.6% – Should You Sell?

Centrus Energy Corp. (NYSE:LEU) shares fell 7.6% during trading on Wednesday . The stock traded as low as $182.45 and last traded at $183.92. 199,983 shares were traded during mid-day trading, a decline of 80% from the average session volume of 1,008,187 shares. The stock had previously closed at $199.13.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Centrus Energy from $245.00 to $242.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. UBS Group cut their price target on Centrus Energy from $245.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, March 5th. B. Riley Financial reduced their price objective on Centrus Energy from $315.00 to $295.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Citigroup dropped their target price on Centrus Energy from $224.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, Roth Mkm restated a “neutral” rating and issued a $137.00 target price on shares of Centrus Energy in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Centrus Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.18.

Centrus Energy Stock Down 7.6%

The firm’s 50 day simple moving average is $192.16 and its 200-day simple moving average is $230.65. 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 stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 60.95, a price-to-earnings-growth ratio of 23.88 and a beta of 1.34.

Centrus Energy (NYSE:LEU) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.72. The company had revenue of $76.70 million during the quarter, compared to analysts’ expectations of $76.13 million. Centrus Energy had a return on equity of 13.10% and a net margin of 13.40%.Centrus Energy’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 EPS. Equities analysts expect that Centrus Energy Corp. will post 2.65 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 stock was sold at an average price of $203.55, for a total transaction of $62,286.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Centrus Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. lifted its stake in Centrus Energy by 5,000.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Centrus Energy during the 4th quarter worth about $30,000. Western Wealth Management LLC acquired a new position in Centrus Energy in the 1st quarter valued at about $31,000. RiverPark Advisors LLC acquired a new position in Centrus Energy in the 3rd quarter valued at about $33,000. Finally, Fulcrum Asset Management LLP bought a new position in Centrus Energy in the 3rd quarter valued at about $34,000. 49.96% of the stock is owned by institutional investors.

About Centrus Energy

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.