Centrus Energy (NYSE:LEU) Sees Unusually-High Trading Volume – Here’s Why

Centrus Energy Corp. (NYSE:LEU) shares saw unusually-high trading volume on Friday . Approximately 1,645,282 shares changed hands during trading, an increase of 118% from the previous session’s volume of 756,363 shares.The stock last traded at $106.55 and had previously closed at $81.81.

Analyst Ratings Changes

A number of analysts recently weighed in on LEU shares. Roth Mkm lowered their target price on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Roth Capital downgraded shares of Centrus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, B. Riley lifted their price objective on shares of Centrus Energy from $88.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Centrus Energy presently has a consensus rating of “Hold” and an average target price of $92.00.

Centrus Energy Stock Up 30.9 %

The firm’s 50 day simple moving average is $76.45 and its two-hundred day simple moving average is $65.12. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 22.38 and a beta of 1.17. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LEU. Cape Investment Advisory Inc. bought a new stake in shares of Centrus Energy in the 4th quarter worth $27,000. PNC Financial Services Group Inc. grew its stake in shares of Centrus Energy by 77.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Centrus Energy in the 4th quarter worth $113,000. Canton Hathaway LLC bought a new stake in shares of Centrus Energy in the 4th quarter worth $161,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Centrus Energy in the 4th quarter worth $216,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

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.