Centrus Energy (NYSE:LEU) Reaches New 52-Week High – Still a Buy?

Shares of 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.

Analyst Upgrades and Downgrades

LEU has been the subject of several research analyst reports. StockNews.com raised Centrus Energy to a “sell” rating in a research note on Monday. B. Riley raised their target price on Centrus Energy from $88.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Roth Mkm decreased their price objective on Centrus Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Centrus Energy Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 1.44. The stock has a fifty day moving average of $78.19 and a 200-day moving average of $66.90. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 18.55 and a beta of 1.17.

Institutional Investors Weigh In On Centrus Energy

Several hedge funds have recently modified their holdings of LEU. Cape Investment Advisory Inc. purchased a new stake in shares of Centrus Energy during the 4th quarter worth $27,000. PNC Financial Services Group Inc. raised its holdings in shares of Centrus Energy by 77.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 440 shares of the company’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. National Bank of Canada FI purchased a new position in Centrus Energy in the 4th quarter valued at about $51,000. Farther Finance Advisors LLC boosted its position in Centrus Energy by 33,333.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,003 shares of the company’s stock worth $67,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Centrus Energy in the fourth quarter valued at $113,000. 49.96% of the stock is owned by institutional investors and hedge funds.

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.