Centrus Energy (NYSE:LEU) Shares Gap Down – What’s Next?

Shares of Centrus Energy Corp. (NYSE:LEU) gapped down before the market opened on Friday . The stock had previously closed at $79.34, but opened at $76.49. Centrus Energy shares last traded at $75.95, with a volume of 190,583 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LEU. StockNews.com upgraded Centrus Energy to a “sell” rating in a research report on Wednesday, August 7th. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. B. Riley boosted their target price on shares of Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm decreased their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Centrus Energy has an average rating of “Hold” and a consensus target price of $92.00.

Centrus Energy Stock Down 11.6 %

The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $69.22 and a two-hundred day simple moving average of $51.88. The company has a market cap of $1.15 billion, a PE ratio of 14.65 and a beta of 1.19.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LEU. Geode Capital Management LLC increased its holdings in shares of Centrus Energy by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 319,935 shares of the company’s stock worth $17,552,000 after buying an additional 15,080 shares during the last quarter. Barclays PLC increased its stake in Centrus Energy by 103.8% during the third quarter. Barclays PLC now owns 37,588 shares of the company’s stock worth $2,061,000 after acquiring an additional 19,140 shares during the last quarter. XTX Topco Ltd purchased a new stake in Centrus Energy in the third quarter valued at $615,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Centrus Energy in the 3rd quarter valued at $1,639,000. Finally, Stifel Financial Corp grew its holdings in shares of Centrus Energy by 48.2% during the 3rd quarter. Stifel Financial Corp now owns 21,301 shares of the company’s stock worth $1,168,000 after purchasing an additional 6,929 shares during the period. 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.