Centrus Energy (NYSE:LEU) Sees Unusually-High Trading Volume – Should You Buy?

Centrus Energy Corp. (NYSE:LEU) shares saw unusually-high trading volume on Tuesday . Approximately 514,640 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 452,843 shares.The stock last traded at $68.85 and had previously closed at $76.46.

Analyst Ratings Changes

LEU has been the subject of several research analyst reports. B. Riley boosted their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Wednesday, August 7th. Roth Capital cut shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Roth Mkm cut their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Performance

The stock has a fifty day simple moving average of $70.02 and a two-hundred day simple moving average of $52.22. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.36 and a beta of 1.19.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.48). The business had revenue of $57.70 million during the quarter, compared to analyst estimates of $56.50 million. Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. Analysts forecast that Centrus Energy Corp. will post 2.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrus Energy

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in Centrus Energy during the 2nd quarter worth approximately $42,000. Wolff Wiese Magana LLC bought a new position in shares of Centrus Energy in the 2nd quarter worth $43,000. nVerses Capital LLC grew its position in Centrus Energy by 133.3% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $60,000 after purchasing an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Centrus Energy by 181.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock valued at $115,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Heritage Investors Management Corp acquired a new position in Centrus Energy during the third quarter worth $203,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.