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

Lightbridge Corporation (NASDAQ:LTBR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.97 and traded as low as $11.52. Lightbridge shares last traded at $11.59, with a volume of 882,199 shares traded.

Analysts Set New Price Targets

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

Lightbridge Price Performance

The firm’s 50-day moving average price is $11.77 and its 200-day moving average price is $13.97. The stock has a market cap of $407.39 million, a P/E ratio of -15.05 and a beta of 2.18.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LTBR. Goldman Sachs Group Inc. grew its position in shares of Lightbridge by 601.6% during the first quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock valued at $683,000 after purchasing an additional 78,561 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lightbridge by 166.3% in the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after buying an additional 295,890 shares in the last quarter. Cetera Investment Advisers bought a new position in Lightbridge during the second quarter valued at approximately $253,000. JPMorgan Chase & Co. grew its holdings in Lightbridge by 1,610.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,410 shares of the energy company’s stock valued at $126,000 after buying an additional 8,860 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Lightbridge during the 2nd quarter valued at approximately $28,000. Institutional investors own 9.14% of the company’s stock.

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.