Lightbridge (NASDAQ:LTBR) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Lightbridge Corporation (NASDAQ:LTBR) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.48 and traded as low as $9.35. Lightbridge shares last traded at $9.50, with a volume of 1,097,340 shares trading hands.

Analysts Set New Price Targets

LTBR has been the topic of several research reports. Wall Street Zen downgraded shares of Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Lightbridge Trading Down 4.8%

The business’s 50 day moving average price is $11.72 and its two-hundred day moving average price is $13.39. The company has a market capitalization of $306.51 million, a price-to-earnings ratio of -11.32 and a beta of 2.09.

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

Hedge Funds Weigh In On Lightbridge

A number of institutional investors have recently modified their holdings of LTBR. State Street Corp lifted its stake in Lightbridge by 318.0% during the 4th quarter. State Street Corp now owns 1,847,661 shares of the energy company’s stock valued at $23,354,000 after acquiring an additional 1,405,608 shares in the last quarter. Vanguard Group Inc. boosted its position in Lightbridge by 19.0% in the third quarter. Vanguard Group Inc. now owns 1,487,461 shares of the energy company’s stock worth $31,549,000 after purchasing an additional 237,378 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Lightbridge by 16.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 828,550 shares of the energy company’s stock worth $10,473,000 after purchasing an additional 114,808 shares during the last quarter. UBS Group AG boosted its position in Lightbridge by 17.7% in the fourth quarter. UBS Group AG now owns 681,667 shares of the energy company’s stock worth $8,616,000 after purchasing an additional 102,656 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Lightbridge by 27.4% in the fourth quarter. Geode Capital Management LLC now owns 670,661 shares of the energy company’s stock worth $8,479,000 after purchasing an additional 144,102 shares during the last quarter. 9.14% of the stock is owned by institutional investors and hedge funds.

Lightbridge Company Profile

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.