Centrus Energy (NYSE:LEU) Sets New 1-Year Low – Time to Sell?

Shares of Centrus Energy Corp. (NYSE:LEU – Get Free Report) hit a new 52-week low on Monday. The company traded as low as $96.31 and last traded at $96.5740, with a volume of 442,399 shares changing hands. The stock had previously closed at $103.29.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Guggenheim began coverage on Centrus Energy in a report on Thursday, October 8th. They issued a “buy” rating and a $167.00 target price for the company. Bank of America lowered their price target on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. dropped their price target on shares of Centrus Energy from $180.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, October 26th. TD Cowen initiated coverage on shares of Centrus Energy in a research note on Monday, October 26th. They issued a “hold” rating and a $120.00 price objective for the company. Finally, Texas Capital raised shares of Centrus Energy to a “strong-buy” rating in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Centrus Energy has an average rating of “Moderate Buy” and an average target price of $193.12.

Check Out Our Latest Stock Report on LEU

Centrus Energy Stock Down 3.4%

The company has a debt-to-equity ratio of 1.39, a current ratio of 5.39 and a quick ratio of 4.52. The firm has a market capitalization of $1.84 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 9.09 and a beta of 1.40. The business has a 50 day moving average price of $139.83 and a 200 day moving average price of $183.34.

Centrus Energy (NYSE:LEU – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.46) earnings per share for the quarter. The business had revenue of $55.50 million for the quarter. Centrus Energy had a net margin of 10.23% and a return on equity of 7.06%. On average, analysts predict that Centrus Energy Corp. will post 3.49 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd bought a new position in Centrus Energy during the second quarter worth $1,356,000. Arlington Capital Management Inc. bought a new stake in Centrus Energy in the 1st quarter valued at $3,115,000. Engineers Gate Manager LP grew its position in Centrus Energy by 261.4% in the 2nd quarter. Engineers Gate Manager LP now owns 4,756 shares of the company’s stock worth $798,000 after purchasing an additional 3,440 shares during the last quarter. California State Teachers Retirement System grew its position in Centrus Energy by 24.3% in the 1st quarter. California State Teachers Retirement System now owns 19,606 shares of the company’s stock worth $3,403,000 after purchasing an additional 3,837 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Centrus Energy by 217.4% during the 1st quarter. Renaissance Technologies LLC now owns 160,542 shares of the company’s stock worth $27,868,000 after purchasing an additional 109,960 shares during the period. 49.96% of the stock is owned by institutional investors.

Centrus Energy Company Profile

(Get Free Report)

Centrus Energy Corp. (NYSE:LEU) is a U.S.-based supplier of nuclear fuel and related services. The company provides enriched uranium products, including low-enriched uranium used to fuel commercial nuclear reactors, as well as uranium and fuel-management services for utilities and other customers in the nuclear energy industry.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced fuel intended for certain next-generation and small modular reactors. Its American Centrifuge technology is being developed to support domestic uranium enrichment and reduce reliance on foreign fuel-supply chains.

Further Reading

Receive News & Ratings for Centrus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrus Energy and related companies with MarketBeat.com's FREE daily email newsletter.