Standard Nuclear (NYSE:STDN) Stock Price Up 4.4% – Here’s What Happened

Standard Nuclear, Inc. (NYSE:STDN)’s share price shot up 4.4% on Tuesday . The stock traded as high as $12.95 and last traded at $12.83. Approximately 81,174 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 962,020 shares. The stock had previously closed at $12.29.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research raised Standard Nuclear to a “hold” rating in a report on Thursday, August 20th. Royal Bank Of Canada upped their price target on shares of Standard Nuclear from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, August 28th. The Goldman Sachs Group assumed coverage on shares of Standard Nuclear in a report on Monday, August 10th. They issued a “buy” rating and a $18.00 price target for the company. UBS Group raised their price objective on shares of Standard Nuclear from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Finally, Evercore began coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They issued an “outperform” rating and a $17.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.71.

Standard Nuclear Price Performance

The firm has a 50 day simple moving average of $11.46.

Standard Nuclear (NYSE:STDN) last announced its earnings results on Thursday, August 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $1.64 million during the quarter, compared to the consensus estimate of $2.97 million. Sell-side analysts anticipate that Standard Nuclear, Inc. will post -0.43 EPS for the current year.

About Standard Nuclear

Standard Nuclear Inc operates as a nuclear fuel company principally in the United States. It engages in design, engineer and manufacturing of advanced nuclear fuels with a primary focus on TRISO fuel that is utilized by advanced reactors. Standard Nuclear Inc is based in Oak Ridge, Tennessee.