Centrus Energy (NYSE:LEU) Hits New 12-Month High – Here’s Why

Centrus Energy Corp. (NYSE:LEU) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $119.42 and last traded at $114.39, with a volume of 1626914 shares trading hands. The stock had previously closed at $108.91.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Roth Mkm cut their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised Centrus Energy to a “sell” rating in a report on Monday. Finally, B. Riley increased their price target on Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Centrus Energy Stock Performance

The stock’s 50 day moving average price is $76.81 and its 200 day moving average price is $65.89. The company has a market capitalization of $1.88 billion, a P/E ratio of 18.55 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Institutional Trading of Centrus Energy

Large investors have recently bought and sold shares of the business. Kennondale Capital Management LLC bought a new stake in shares of Centrus Energy during the 4th quarter valued at about $301,000. Royce & Associates LP bought a new position in shares of Centrus Energy during the 4th quarter worth approximately $400,000. Commonwealth Equity Services LLC grew its position in shares of Centrus Energy by 58.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,479 shares of the company’s stock worth $432,000 after buying an additional 2,384 shares during the period. Swiss National Bank increased its stake in shares of Centrus Energy by 2.6% in the 4th quarter. Swiss National Bank now owns 27,600 shares of the company’s stock valued at $1,838,000 after acquiring an additional 700 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Centrus Energy by 33,333.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock valued at $67,000 after acquiring an additional 1,000 shares during the period. 49.96% of the stock is currently owned by institutional investors and hedge funds.

Centrus Energy Company Profile

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.