Centrus Energy (NYSE:LEU) Hits New 12-Month High – Should You Buy?

Shares of Centrus Energy Corp. (NYSE:LEU) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $72.00 and last traded at $71.33, with a volume of 379940 shares. The stock had previously closed at $61.30.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Roth Mkm lowered shares of Centrus Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $62.00 in a research note on Thursday, October 10th. Roth Capital lowered Centrus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, StockNews.com raised Centrus Energy to a “sell” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.00.

Centrus Energy Trading Up 16.8 %

The stock has a 50 day simple moving average of $45.87 and a 200-day simple moving average of $44.50. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $1.12 billion, a P/E ratio of 14.97 and a beta of 1.32.

Centrus Energy (NYSE:LEU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $0.77 by $1.12. The business had revenue of $189.00 million for the quarter, compared to analysts’ expectations of $82.70 million. Centrus Energy had a net margin of 22.96% and a return on equity of 299.92%. On average, equities research analysts forecast that Centrus Energy Corp. will post 3.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LEU. Vontobel Holding Ltd. boosted its position in shares of Centrus Energy by 17.3% in the third quarter. Vontobel Holding Ltd. now owns 5,520 shares of the company’s stock worth $303,000 after purchasing an additional 815 shares during the period. Exchange Traded Concepts LLC increased its stake in Centrus Energy by 81.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 18,174 shares of the company’s stock worth $997,000 after buying an additional 8,177 shares in the last quarter. SG Americas Securities LLC bought a new stake in Centrus Energy during the third quarter valued at about $281,000. Point72 DIFC Ltd bought a new stake in Centrus Energy during the second quarter valued at about $42,000. Finally, Point72 Asset Management L.P. lifted its position in shares of Centrus Energy by 53.8% in the second quarter. Point72 Asset Management L.P. now owns 148,251 shares of the company’s stock valued at $6,338,000 after acquiring an additional 51,836 shares in the last quarter. 49.96% of the stock is currently owned by institutional investors.

About Centrus Energy

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.