Standard Nuclear (NYSE:STDN) Trading Down 9% – Here’s What Happened

Standard Nuclear, Inc. (NYSE:STDN)’s share price was down 9% on Wednesday . The stock traded as low as $14.75 and last traded at $15.07. 305,326 shares were traded during trading, a decline of 70% from the average session volume of 1,020,586 shares. The stock had previously closed at $16.56.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Standard Nuclear to a “hold” rating in a research note on Thursday, August 20th. Barclays assumed coverage on Standard Nuclear in a research report on Monday, August 10th. They set an “overweight” rating and a $17.00 price target on the stock. Evercore initiated coverage on Standard Nuclear in a research report on Monday, August 10th. They issued an “outperform” rating and a $17.00 price objective for the company. Bank of America assumed coverage on Standard Nuclear in a research note on Monday, August 10th. They set a “buy” rating and a $15.00 target price for the company. Finally, Stifel Nicolaus set a $17.00 target price on Standard Nuclear in a report on Friday. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.71.

Standard Nuclear Stock Down 8.8%

Standard Nuclear (NYSE:STDN) last released its quarterly earnings results on Wednesday, August 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $4.74 million during the quarter, compared to analyst estimates of $2.97 million. On average, equities research analysts expect that Standard Nuclear, Inc. will post -0.43 EPS for the current fiscal year.

Standard Nuclear Company Profile

Standard Nuclear Inc operates as a nuclear fuel company principally in the United States. It engages in design, engineer and manufacturing of advanced nuclear fuels with a primary focus on TRISO fuel that is utilized by advanced reactors. Standard Nuclear Inc is based in Oak Ridge, Tennessee.