The stock of Centrus Energy Corp (NYSEMKT:LEU) hit a new 52-week high and has $6.27 target or 9.00% above today’s $5.75 share price. The 7 months bullish chart indicates low risk for the $38.88 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $6.27 price target is reached, the company will be worth $3.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 128,706 shares traded hands or 245.30% up from the average. Centrus Energy Corp (NYSEMKT:LEU) has risen 41.21% since April 25, 2016 and is uptrending. It has outperformed by 35.19% the S&P500.
Analysts await Centrus Energy Corp (NYSEMKT:LEU) to report earnings on March, 20.
According to Zacks Investment Research, “Centrus Energy Corp. is a supplier of enriched uranium fuel for commercial nuclear power plants. The Company operates in two segments, LEU and Contract Services. Its LEU is a component in the production of nuclear fuel for reactors to produce electricity. The Company also provides contract work services for the U.S. Department of Energy and its contractors. Centrus Energy Corp., formerly known as USEC Inc., is headquartered in Bethesda, Maryland.”
More notable recent Centrus Energy Corp (NYSEMKT:LEU) news were published by: Washingtonpost.com which released: “Centrus Energy, formerly known as USEC, emerges from Chapter 11 bankruptcy” on September 30, 2014, also Businesswire.com with their article: “Centrus Energy Corp. Reports Financial Results for the Fourth Quarter and Full …” published on March 21, 2016, Businesswire.com published: “Centrus Energy Corp. Announces Management Transition” on April 17, 2015. More interesting news about Centrus Energy Corp (NYSEMKT:LEU) were released by: Seekingalpha.com and their article: “Centrus Energy’s (LEU) CEO Daniel Poneman On Q2 2016 Results – Earnings Call …” published on August 11, 2016 as well as 247Wallst.com‘s news article titled: “Centrus Energy Shares Explode With New Sales Contracts” with publication date: March 08, 2016.
LEU Company Profile
Centrus Energy Corp. (Centrus), incorporated on June 29, 1998, supplies low-enriched uranium (LEU) for commercial nuclear power plants. The Firm supplies LEU to both domestic and international utilities for use in a growing fleet of nuclear reactors across the world. The Firm operates in two divisions, which include the LEU segment with two components, separative work units (SWU) and uranium, and the contract services segment. Centrus is engaged in the development of uranium enrichment technology and is performing research and demonstration work to support the United States energy and national security. The Firm provides LEU from multiple sources, including its inventory and long-term supply contracts and spot purchases.
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