Centrus Energy (NYSE:LEU) Hits New 52-Week Low – Should You Sell?

Shares of Centrus Energy Corp. (NYSE:LEU) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $142.13 and last traded at $151.4670, with a volume of 84673 shares changing hands. The stock had previously closed at $147.07.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LEU shares. Bank of America decreased their price target on Centrus Energy from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Zacks Research raised Centrus Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. UBS Group reduced their price objective on Centrus Energy from $195.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Needham & Company LLC assumed coverage on Centrus Energy in a research report on Thursday, July 9th. They set a “buy” rating and a $264.00 target price for the company. Finally, B. Riley Financial lowered their target price on Centrus Energy from $315.00 to $295.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

Centrus Energy Stock Performance

The company’s 50 day moving average price is $173.67 and its 200-day moving average price is $210.30. The company has a debt-to-equity ratio of 1.52, a quick ratio of 4.88 and a current ratio of 5.72. The company has a market cap of $3.07 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 19.33 and a beta of 1.35.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.72. Centrus Energy had a net margin of 13.40% and a return on equity of 13.10%. The company had revenue of $76.70 million for the quarter, compared to analysts’ expectations of $76.13 million. During the same quarter in the previous year, the firm posted $1.60 EPS. Centrus Energy’s revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Centrus Energy Corp. will post 2.7 earnings per share for the current fiscal year.

Insider Transactions at Centrus Energy

In other Centrus Energy news, CFO Todd M. Tinelli sold 306 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $203.55, for a total value of $62,286.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Centrus Energy

Several large investors have recently added to or reduced their stakes in LEU. Vermillion Wealth Management Inc. boosted its position in Centrus Energy by 5,000.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Aventura Private Wealth LLC bought a new stake in shares of Centrus Energy in the fourth quarter valued at approximately $30,000. Western Wealth Management LLC bought a new stake in shares of Centrus Energy in the first quarter valued at approximately $31,000. Fulcrum Asset Management LLP purchased a new stake in shares of Centrus Energy during the 3rd quarter valued at approximately $34,000. Finally, Leonteq Securities AG purchased a new stake in shares of Centrus Energy during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 49.96% of the company’s stock.

Centrus Energy Company Profile

Centrus Energy Corp is a U.S.-based supplier of nuclear fuel and enrichment services, specializing in the production of low-enriched uranium (LEU) for commercial power reactors and highly enriched uranium for naval propulsion. Through its Centrus Global subsidiary, the company provides technical support, fuel fabrication services and recycled uranium products to utilities operating light-water reactors. Centrus also develops advanced centrifuge technologies aimed at improving enrichment efficiency and reducing the cost of nuclear fuel.

Originally founded as the United States Enrichment Corporation (USEC) in 1998 following a spin-out from the U.S.