Standard Nuclear (NYSE:STDN) Shares Down 4.9% – Here’s What Happened

Standard Nuclear, Inc. (NYSE:STDN) dropped 4.9% during trading on Tuesday. The company traded as low as $12.70 and last traded at $12.73. 71,555 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 810,341 shares. The stock had previously closed at $13.38.

Analyst Ratings Changes

Several research analysts have weighed in on STDN shares. Barclays began coverage on Standard Nuclear in a research report on Monday, August 10th. They issued an “overweight” rating and a $17.00 target price on the stock. Zacks Research upgraded Standard Nuclear to a “hold” rating in a report on Thursday, August 20th. Royal Bank Of Canada boosted their price target on Standard Nuclear from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Needham & Company LLC initiated coverage on Standard Nuclear in a research note on Tuesday, October 6th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Stifel Nicolaus set a $17.00 price objective on Standard Nuclear in a report on Friday, August 28th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Standard Nuclear presently has a consensus rating of “Moderate Buy” and an average price target of $16.88.

Standard Nuclear Stock Performance

The firm’s fifty day simple moving average is $12.86.

Standard Nuclear (NYSE:STDN) last issued its quarterly earnings data 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 company had revenue of $1.64 million for the quarter, compared to analysts’ expectations of $2.97 million. Equities analysts forecast that Standard Nuclear, Inc. will post -0.43 earnings per share for the current year.

Standard Nuclear Company Profile

Standard Nuclear, Inc (NYSE: STDN) is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company’s principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear’s operations are primarily oriented toward the U.S.