Standard Nuclear (NYSE:STDN) Stock Price Down 9.7% – Here’s Why

Standard Nuclear, Inc. (NYSE:STDN – Get Free Report)’s share price fell 9.7% during trading on Tuesday . The stock traded as low as $13.10 and last traded at $13.27. 292,487 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 995,926 shares. The stock had previously closed at $14.70.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STDN. The Goldman Sachs Group began coverage on shares of Standard Nuclear in a report on Monday, August 10th. They set a “buy” rating and a $18.00 target price for the company. Wall Street Zen lowered shares of Standard Nuclear from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. William Blair assumed coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They set an “outperform” rating for the company. UBS Group lifted their price objective on Standard Nuclear from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Finally, Zacks Research raised Standard Nuclear to a “hold” rating in a research note on Thursday, August 20th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.71.

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Standard Nuclear Price Performance

Standard Nuclear (NYSE:STDN – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $1.64 million for the quarter, compared to analyst estimates of $2.97 million. As a group, research analysts expect that Standard Nuclear, Inc. will post -0.43 earnings per share for the current fiscal year.

About Standard Nuclear

(Get Free Report)

Standard Nuclear Inc operates as a nuclear fuel company principally in the United States. It engages in design, engineer and manufacturing of advanced nuclear fuels with a primary focus on TRISO fuel that is utilized by advanced reactors. Standard Nuclear Inc is based in Oak Ridge, Tennessee.

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