Uranium Energy (NYSEAMERICAN:UEC) Shares Cross Above 200 Day Moving Average of $0.00

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.22. Uranium Energy shares last traded at $6.89, with a volume of 4,368,997 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UEC shares. HC Wainwright raised their target price on shares of Uranium Energy from $8.25 to $9.75 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Eight Capital raised their price objective on shares of Uranium Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.80.

Uranium Energy Trading Down 2.5 %

The firm has a market capitalization of $2.78 billion, a P/E ratio of -689.00 and a beta of 1.83. The stock’s fifty day simple moving average is $6.25.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $0.12 million during the quarter, compared to the consensus estimate of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. Research analysts forecast that Uranium Energy Corp. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Uranium Energy

In related news, Director David Kong sold 26,000 shares of Uranium Energy stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $6.81, for a total transaction of $177,060.00. Following the completion of the transaction, the director now directly owns 154,085 shares of the company’s stock, valued at $1,049,318.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director David Kong sold 26,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the sale, the director now directly owns 154,085 shares of the company’s stock, valued at approximately $1,049,318.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Volpe Vincent Della sold 84,000 shares of Uranium Energy stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $8.17, for a total transaction of $686,280.00. Following the transaction, the director now owns 186,095 shares of the company’s stock, valued at approximately $1,520,396.15. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Uranium Energy

A number of institutional investors and hedge funds have recently bought and sold shares of UEC. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Uranium Energy during the fourth quarter valued at approximately $27,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Uranium Energy during the 3rd quarter worth $26,000. Millburn Ridgefield Corp acquired a new stake in shares of Uranium Energy during the third quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Uranium Energy in the third quarter valued at $27,000. Finally, CVA Family Office LLC acquired a new position in Uranium Energy in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Uranium Energy

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.