Centrus Energy Stock Rating Upgrade by StockNews.com

Centrus Energy (NYSE:LEU) received a rating upgrade from StockNews.com, which has changed its assessment of the stock to a "sell" rating in a report released on Monday.

Recent Analyst Updates

In addition to StockNews.com's update, other analysts have also expressed their views on Centrus Energy. On October 30th, B. Riley increased their price target for the stock from $88.00 to $126.00 and assigned it a "buy" rating. Conversely, Roth MKM reduced their price target from $62.00 to $58.00, establishing a "neutral" status for the stock.

Centrus Energy Stock Performance

On Monday, shares of Centrus Energy climbed 5.0%, reaching a trading price of $114.39. The stock saw a trading volume of 1,626,914 shares, exceeding its average trading volume of 904,962. The 50-day and 200-day moving averages for the company's stock are $76.81 and $65.89, respectively. Centrus Energy's financial ratios indicate a debt-to-equity ratio of 1.44, a current ratio of 1.63, and a quick ratio of 1.03. Over the past year, the stock has experienced a low of $33.51 and a high of $119.42, with a market capitalization of $1.88 billion and a price-to-earnings ratio of 25.94.

Institutional Investors Activity

Recently, a number of institutional investors have acted on their Centrus Energy shareholdings. For instance, Cape Investment Advisory Inc. purchased a new stake in the company valued at approximately $27,000 in the fourth quarter. PNC Financial Services Group Inc. notably boosted its holdings by 77.4%, acquiring an additional 192 shares to reach a total of 440 shares worth around $29,000. Another firm, Farther Finance Advisors LLC, raised their stake significantly by obtaining 1,003 shares valued at $67,000, following the purchase of 1,000 new shares. Additional investments were made by Venturi Wealth Management LLC and Canton Hathaway LLC, lifting their total stakes in Centrus Energy as institutional investors now control about 49.96% of the company's stock.

Centrus Energy Overview

Centrus Energy Corp. specializes in providing nuclear fuel components and services globally, serving markets in the United States, Belgium, Japan, and beyond. The company operates through two primary segments: Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment is responsible for selling separative work units (SWU) and other nuclear fuel products aimed at utilities running nuclear power plants.

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