Lightbridge (NASDAQ:LTBR) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Lightbridge Corporation (NASDAQ:LTBR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.26 and traded as low as $7.57. Lightbridge shares last traded at $7.77, with a volume of 554,654 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on LTBR. Wall Street Zen lowered shares of Lightbridge from a “sell” rating to a “strong sell” rating in a report on Sunday, April 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightbridge has a consensus rating of “Sell”.

Lightbridge Trading Down 2.6%

The stock has a market cap of $273.12 million, a P/E ratio of -10.09 and a beta of 2.11. The stock’s fifty day moving average price is $10.18 and its 200 day moving average price is $12.26.

Lightbridge (NASDAQ:LTBR) last issued its quarterly earnings results on Monday, April 27th. The energy company reported ($0.20) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Lightbridge

A number of hedge funds and other institutional investors have recently bought and sold shares of LTBR. Federated Hermes Inc. increased its stake in shares of Lightbridge by 266.6% during the fourth quarter. Federated Hermes Inc. now owns 2,086 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,517 shares in the last quarter. CrossGen Wealth LLC bought a new stake in shares of Lightbridge in the 4th quarter worth approximately $26,000. Legal & General Group Plc bought a new stake in shares of Lightbridge in the 2nd quarter worth approximately $28,000. Advisory Services Network LLC purchased a new stake in shares of Lightbridge in the 3rd quarter worth approximately $50,000. Finally, Leonteq Securities AG purchased a new stake in shares of Lightbridge in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

About Lightbridge

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.