Centrus Energy (NYSE:LEU) Shares Up 3.9%

Centrus Energy Corp. (NYSE:LEU)’s share price shot up 3.9% on Tuesday . The stock traded as high as $57.20 and last traded at $56.99. 25,262 shares changed hands during trading, a decline of 89% from the average session volume of 238,221 shares. The stock had previously closed at $54.85.

Analyst Ratings Changes

Several research firms have recently weighed in on LEU. StockNews.com upgraded shares of Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Roth Mkm lowered their price objective on shares of Centrus Energy from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

Centrus Energy Stock Performance

The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. The company’s fifty day moving average is $41.14 and its 200 day moving average is $42.79. The company has a market cap of $938.70 million, a P/E ratio of 12.85 and a beta of 1.31.

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

Institutional Investors Weigh In On Centrus Energy

A number of large investors have recently added to or reduced their stakes in LEU. Decade Renewable Partners LP bought a new stake in shares of Centrus Energy during the 2nd quarter valued at about $1,479,000. Heartland Advisors Inc. bought a new stake in shares of Centrus Energy during the 1st quarter valued at about $2,076,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Centrus Energy by 15.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 338,250 shares of the company’s stock valued at $14,048,000 after purchasing an additional 46,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Centrus Energy by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,571 shares of the company’s stock valued at $5,418,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Centrus Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 766,064 shares of the company’s stock valued at $31,815,000 after purchasing an additional 17,033 shares in the last quarter. Institutional investors own 49.96% of the company’s stock.

About Centrus Energy

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.