Centrus Energy (NYSE:LEU) Reaches New 52-Week Low – Here’s Why

Centrus Energy Corp. (NYSE:LEU) reached a new 52-week low on Monday. The company traded as low as $98.01 and last traded at $97.9050, with a volume of 68,772 shares changing hands. The stock had previously closed at $102.45.

Analyst Ratings Changes

A number of brokerages have commented on LEU. Northland Securities set a $270.00 price target on Centrus Energy in a research note on Friday, September 11th. Zacks Research upgraded shares of Centrus Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Stifel Nicolaus decreased their target price on shares of Centrus Energy from $246.00 to $216.00 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Needham & Company LLC lowered their price target on shares of Centrus Energy from $262.00 to $206.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Finally, HC Wainwright reissued a “buy” rating and set a $300.00 price target on shares of Centrus Energy in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.19.

Centrus Energy Trading Down 1.6%

The firm’s 50 day moving average price is $152.53 and its 200-day moving average price is $171.25. 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 stock has a market cap of $2.01 billion, a P/E ratio of 45.71, a P/E/G ratio of 8.14 and a beta of 1.53.

Centrus Energy (NYSE:LEU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $0.74 by $1.03. The company 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. As a group, equities research analysts forecast that Centrus Energy Corp. will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LEU. Corecam Pte. Ltd. increased its holdings in shares of Centrus Energy by 19.7% in the 3rd quarter. Corecam Pte. Ltd. now owns 1,761 shares of the company’s stock worth $246,000 after buying an additional 290 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Centrus Energy during the third quarter valued at approximately $547,000. Sterling Capital Management LLC raised its position in shares of Centrus Energy by 371.1% in the 3rd quarter. Sterling Capital Management LLC now owns 570 shares of the company’s stock worth $80,000 after acquiring an additional 449 shares in the last quarter. Yousif Capital Management LLC bought a new position in Centrus Energy in the third quarter worth about $702,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Centrus Energy by 15.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,435 shares of the company’s stock valued at $619,000 after purchasing an additional 594 shares during the last quarter. 49.96% of the stock is owned by hedge funds and other institutional investors.

About Centrus Energy

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.