Cameco (NYSE:CCJ) Stock Price Down 4.6% – Time to Sell?

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) were down 4.6% during mid-day trading on Friday . The stock traded as low as $47.23 and last traded at $46.82. Approximately 2,064,220 shares were traded during trading, a decline of 54% from the average daily volume of 4,449,161 shares. The stock had previously closed at $49.08.

Cameco Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market cap of $20.56 billion, a P/E ratio of 248.56 and a beta of 0.94. The stock has a 50 day moving average price of $51.80 and a 200 day moving average price of $49.52.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dantai Capital Ltd lifted its position in shares of Cameco by 44.2% during the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new stake in shares of Cameco during the fourth quarter valued at $895,000. Whalen Wealth Management Inc. purchased a new position in Cameco in the 4th quarter worth about $445,000. iA Global Asset Management Inc. acquired a new stake in Cameco during the 3rd quarter worth about $5,305,000. Finally, Telemark Asset Management LLC lifted its stake in Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after buying an additional 100,000 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.