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

Centrus Energy Corp. (NYSE:LEU) shares hit a new 52-week low on Tuesday . The stock traded as low as $141.00 and last traded at $140.8340, with a volume of 314879 shares trading hands. The stock had previously closed at $146.25.

Wall Street Analyst Weigh In

LEU has been the topic of a number of analyst reports. HC Wainwright reissued a “buy” rating and set a $300.00 price objective on shares of Centrus Energy in a report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Centrus Energy from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Bank of America lowered their price target on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Truist Financial began coverage on shares of Centrus Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Centrus Energy in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $235.71.

Centrus Energy Stock Down 2.1%

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 firm has a market capitalization of $2.77 billion, a P/E ratio of 63.22, a price-to-earnings-growth ratio of 17.31 and a beta of 1.33. The business has a 50 day moving average price of $173.49 and a 200 day moving average price of $182.71.

Centrus Energy (NYSE:LEU) last announced its earnings results on Wednesday, August 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $1.03. Centrus Energy had a return on equity of 7.06% and a net margin of 10.23%.The firm had revenue of $176.10 million during the quarter. During the same quarter in the previous year, the company earned $1.59 EPS. Centrus Energy’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, analysts predict that Centrus Energy Corp. will post 2.75 earnings per share for the current year.

Institutional Investors Weigh In On Centrus Energy

Hedge funds have recently made changes to their positions in the stock. Vermillion Wealth Management Inc. increased its stake in Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Western Wealth Management LLC bought a new stake in Centrus Energy in the 1st quarter valued at $31,000. Leonteq Securities AG bought a new stake in Centrus Energy in the 1st quarter valued at $35,000. Hilton Head Capital Partners LLC acquired a new position in shares of Centrus Energy in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc lifted its holdings in shares of Centrus Energy by 172.4% during the 2nd quarter. IFP Advisors Inc now owns 237 shares of the company’s stock worth $40,000 after acquiring an additional 150 shares during the period. Institutional investors own 49.96% of the company’s stock.

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 (LEU), which is used to fuel commercial nuclear reactors, as well as uranium enrichment and fuel-cycle services for utilities and other customers.

Centrus is also developing high-assay low-enriched uranium (HALEU), an advanced nuclear fuel intended for certain next-generation reactors. Through its American Centrifuge technology, the company is working to establish domestic enrichment capacity and support the production of HALEU for advanced reactor and national security applications.

The company traces its roots to the U.S.