Standard Nuclear (NYSE:STDN) Shares Down 9% – Here’s Why

Standard Nuclear, Inc. (NYSE:STDN) shares traded down 9% on Wednesday . The company traded as low as $14.75 and last traded at $15.07. 305,326 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,020,586 shares. The stock had previously closed at $16.56.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STDN. Stifel Nicolaus set a $17.00 price objective on shares of Standard Nuclear in a research report on Friday. UBS Group boosted their price objective on shares of Standard Nuclear from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America started coverage on Standard Nuclear in a report on Monday, August 10th. They set a “buy” rating and a $15.00 target price for the company. Barclays assumed coverage on Standard Nuclear in a research note on Monday, August 10th. They issued an “overweight” rating and a $17.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on Standard Nuclear in a report on Monday, August 10th. They issued a “buy” rating and a $18.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Standard Nuclear has an average rating of “Moderate Buy” and a consensus price target of $16.71.

Standard Nuclear Trading Down 8.8%

Standard Nuclear (NYSE:STDN) last released its earnings results on Wednesday, August 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $4.74 million during the quarter, compared to analyst estimates of $2.97 million. Equities research analysts forecast that Standard Nuclear, Inc. will post -0.43 EPS for the current fiscal year.

About Standard Nuclear

Standard Nuclear Inc operates as a nuclear fuel company principally in the United States. It engages in design, engineer and manufacturing of advanced nuclear fuels with a primary focus on TRISO fuel that is utilized by advanced reactors. Standard Nuclear Inc is based in Oak Ridge, Tennessee.