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

Centrus Energy Corp. (NYSE:LEU)’s share price hit a new 52-week high during trading on Tuesday . The company 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 Analysts Forecast Growth

Several research analysts have issued reports on LEU shares. B. Riley increased their price target on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com upgraded Centrus Energy to a “sell” rating in a report on Monday. Finally, Roth Mkm decreased their price target on shares of Centrus Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

Centrus Energy Price Performance

The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 18.55 and a beta of 1.17. The business has a 50 day simple moving average of $76.81 and a 200-day simple moving average of $65.89. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.03 and a current ratio of 1.63.

Hedge Funds Weigh In On Centrus Energy

Large investors have recently bought and sold shares of the stock. 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. boosted its holdings in Centrus Energy by 77.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Farther Finance Advisors LLC grew its position in Centrus Energy by 33,333.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $67,000 after purchasing an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Centrus Energy in the 4th quarter valued at about $113,000. Finally, Canton Hathaway LLC bought a new position in shares of Centrus Energy during the 4th quarter worth approximately $161,000. 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.