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

Centrus Energy Corp. (NYSE:LEU)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $109.53, but opened at $93.50. Centrus Energy shares last traded at $88.71, with a volume of 901,452 shares traded.

Analysts Set New Price Targets

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

Centrus Energy Stock Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 1.63 and a quick ratio of 1.02. The stock has a 50-day moving average price of $60.15 and a 200 day moving average price of $49.08. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 18.52 and a beta of 1.18.

Centrus Energy (NYSE:LEU) last announced 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). Centrus Energy had a net margin of 19.24% and a return on equity of 138.38%. The company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $56.50 million. As a group, analysts anticipate that Centrus Energy Corp. will post 2.4 EPS for the current fiscal year.

Institutional Trading of Centrus Energy

Institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in Centrus Energy in the 2nd quarter valued at $42,000. Wolff Wiese Magana LLC bought a new stake in shares of Centrus Energy in the 2nd quarter valued at about $43,000. nVerses Capital LLC lifted its stake 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Centrus Energy by 181.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,719 shares of the company’s stock worth $115,000 after purchasing an additional 1,754 shares during the period. Finally, Heritage Investors Management Corp acquired a new position in Centrus Energy during the third quarter worth approximately $203,000. 49.96% of the stock is currently owned by institutional investors.

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.