Centrus Energy (NYSE:LEU) Trading 7% Higher

Centrus Energy Corp. (NYSE:LEUGet Free Report) traded up 7% during trading on Friday . The stock traded as high as $47.05 and last traded at $46.70. 324,759 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 198,862 shares. The stock had previously closed at $43.64.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LEU shares. B. Riley reiterated a “buy” rating and set a $72.00 price objective on shares of Centrus Energy in a research note on Tuesday, February 13th. TheStreet raised Centrus Energy from a “d-” rating to a “c” rating in a report on Friday, February 9th. Roth Mkm cut their price target on Centrus Energy from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, StockNews.com upgraded Centrus Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th.

Check Out Our Latest Report on Centrus Energy

Centrus Energy Price Performance

The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.83 and a current ratio of 1.44. The firm has a market capitalization of $730.84 million, a P/E ratio of 10.24 and a beta of 1.36. The business has a fifty day moving average of $42.34 and a 200-day moving average of $47.24.

Insider Activity

In other news, SVP John M. A. Donelson sold 16,073 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.24, for a total value of $646,777.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.40% of the company’s stock.

Institutional Trading of Centrus Energy

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its position in Centrus Energy by 6.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 761,229 shares of the company’s stock worth $41,418,000 after purchasing an additional 47,789 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Centrus Energy by 189.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 98,438 shares of the company’s stock worth $5,587,000 after acquiring an additional 64,421 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Centrus Energy in the 3rd quarter worth approximately $2,448,000. Vontobel Holding Ltd. boosted its position in Centrus Energy by 10.4% during the fourth quarter. Vontobel Holding Ltd. now owns 6,046 shares of the company’s stock worth $329,000 after purchasing an additional 569 shares during the period. Finally, Swiss National Bank raised its position in shares of Centrus Energy by 7.0% in the third quarter. Swiss National Bank now owns 27,600 shares of the company’s stock valued at $1,567,000 after purchasing an additional 1,800 shares during the period. 49.96% of the stock is currently owned by institutional investors.

About Centrus Energy

(Get Free Report)

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.

Further Reading

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