Centrus Energy (NYSE:LEU) Reaches New 1-Year Low – Should You Sell?

Centrus Energy Corp. (NYSE:LEU) reached a new 52-week low during trading on Monday. The stock traded as low as $110.34 and last traded at $111.1140, with a volume of 221,032 shares changing hands. The stock had previously closed at $114.94.

Analyst Ratings Changes

A number of brokerages recently issued reports on LEU. Guggenheim began coverage on Centrus Energy in a report on Thursday, October 8th. They issued a “buy” rating and a $167.00 target price on the stock. UBS Group lifted their price target on shares of Centrus Energy from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Centrus Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Centrus Energy has a consensus rating of “Moderate Buy” and a consensus price target of $231.13.

Centrus Energy Stock Performance

The firm has a market cap of $2.23 billion, a P/E ratio of 50.71, a PEG ratio of 9.13 and a beta of 1.53. The company has a current ratio of 5.39, a quick ratio of 4.52 and a debt-to-equity ratio of 1.39. The company’s 50-day moving average is $160.77 and its two-hundred day moving average is $173.86.

Centrus Energy (NYSE:LEU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $1.03. The business had revenue of $176.10 million during the quarter. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%. Centrus Energy’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. As a group, equities analysts predict that Centrus Energy Corp. will post 4.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vontobel Holding Ltd. grew its holdings in Centrus Energy by 62.1% during the third quarter. Vontobel Holding Ltd. now owns 2,493 shares of the company’s stock worth $348,000 after buying an additional 955 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Centrus Energy during the 3rd quarter valued at $450,000. Fortitude Family Office LLC lifted its stake in Centrus Energy by 5,100.0% during the 3rd quarter. Fortitude Family Office LLC now owns 416 shares of the company’s stock valued at $58,000 after acquiring an additional 408 shares in the last quarter. GK Wealth Management LLC bought a new position in Centrus Energy during the 3rd quarter valued at $130,000. Finally, GAMMA Investing LLC boosted its holdings in Centrus Energy by 57.6% during the 3rd quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $98,000 after acquiring an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 49.96% of the company’s stock.

About Centrus Energy

Centrus Energy Corp. is a U.S.-based nuclear fuel company that supplies enriched uranium and related services to commercial nuclear power producers and other customers. Its business includes the sale of low-enriched uranium (LEU), which is used to manufacture fuel for nuclear reactors, as well as uranium enrichment and fuel-management services.

The company is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors.