Centrus Energy (NYSE:LEU) Shares Gap Down to $44.30

Centrus Energy Corp. (NYSE:LEU) shares gapped down before the market opened on Wednesday . The stock had previously closed at $44.30, but opened at $39.00. Centrus Energy shares last traded at $41.48, with a volume of 191,300 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LEU. B. Riley reiterated a “buy” rating and issued a $72.00 price target on shares of Centrus Energy in a research note on Tuesday, February 13th. StockNews.com upgraded Centrus Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, TheStreet upgraded Centrus Energy from a “d-” rating to a “c” rating in a research report on Friday, February 9th.

Centrus Energy Price Performance

The firm has a market capitalization of $666.40 million, a P/E ratio of 7.61 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 1.45 and a debt-to-equity ratio of 4.73. The business’s 50 day moving average is $41.89 and its 200-day moving average is $47.61.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Thursday, February 8th. The company reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $2.80. Centrus Energy had a negative return on equity of 491.41% and a net margin of 26.36%. The company had revenue of $103.60 million for the quarter, compared to analyst estimates of $61.05 million. As a group, sell-side analysts predict that Centrus Energy Corp. will post 2.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP John M. A. Donelson sold 16,073 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.24, for a total value of $646,777.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Centrus Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of Centrus Energy during the third quarter valued at $29,000. Arizona State Retirement System bought a new position in Centrus Energy during the 3rd quarter worth $203,000. Heritage Investors Management Corp acquired a new position in Centrus Energy during the 3rd quarter worth about $210,000. Corton Capital Inc. bought a new stake in shares of Centrus Energy in the 3rd quarter valued at about $232,000. Finally, Weil Company Inc. acquired a new stake in shares of Centrus Energy in the third quarter valued at about $247,000. 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.