Uranium Energy (NYSEAMERICAN:UEC) Stock Passes Above Two Hundred Day Moving Average of $0.00

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.22. Uranium Energy shares last traded at $6.89, with a volume of 4,368,997 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. HC Wainwright boosted their price objective on Uranium Energy from $8.25 to $9.75 and gave the company a “buy” rating in a research report on Thursday, January 18th. Eight Capital boosted their price objective on Uranium Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Uranium Energy has an average rating of “Moderate Buy” and an average target price of $8.80.

Uranium Energy Trading Down 0.6 %

The stock has a market cap of $2.74 billion, a PE ratio of -679.00 and a beta of 1.83. The firm’s fifty day moving average is $6.25.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $0.12 million during the quarter, compared to analyst estimates of $16.00 million. Uranium Energy had a negative return on equity of 1.11% and a negative net margin of 8.20%. As a group, equities analysts forecast that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David Kong sold 26,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the sale, the director now owns 154,085 shares in the company, valued at approximately $1,049,318.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Volpe Vincent Della sold 84,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $8.17, for a total transaction of $686,280.00. Following the completion of the sale, the director now owns 186,095 shares in the company, valued at approximately $1,520,396.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Kong sold 26,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the completion of the transaction, the director now directly owns 154,085 shares in the company, valued at $1,049,318.85. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uranium Energy

Several hedge funds have recently made changes to their positions in UEC. JPMorgan Chase & Co. grew its position in Uranium Energy by 24.8% during the 1st quarter. JPMorgan Chase & Co. now owns 208,719 shares of the basic materials company’s stock worth $958,000 after purchasing an additional 41,471 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Uranium Energy during the 1st quarter worth about $47,000. Bank of New York Mellon Corp grew its position in Uranium Energy by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 800,581 shares of the basic materials company’s stock worth $3,675,000 after purchasing an additional 50,810 shares during the period. HighTower Advisors LLC grew its position in Uranium Energy by 25.6% during the 1st quarter. HighTower Advisors LLC now owns 218,733 shares of the basic materials company’s stock worth $1,005,000 after purchasing an additional 44,536 shares during the period. Finally, MetLife Investment Management LLC grew its position in Uranium Energy by 38.3% during the 1st quarter. MetLife Investment Management LLC now owns 122,621 shares of the basic materials company’s stock worth $563,000 after purchasing an additional 33,941 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.