Lightbridge (NASDAQ:LTBR) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Lightbridge Corporation (NASDAQ:LTBR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.03 and traded as low as $7.91. Lightbridge shares last traded at $8.03, with a volume of 567,390 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LTBR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research report on Friday, July 17th. Wall Street Zen downgraded Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lightbridge Price Performance

The company has a fifty day simple moving average of $9.41 and a 200-day simple moving average of $12.00. The company has a market cap of $263.62 million, a P/E ratio of -9.74 and a beta of 2.11.

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

Hedge Funds Weigh In On Lightbridge

A number of institutional investors have recently bought and sold shares of LTBR. Kestra Advisory Services LLC lifted its stake in Lightbridge by 8.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,740 shares of the energy company’s stock valued at $136,000 after buying an additional 800 shares in the last quarter. Rathbones Group PLC raised its holdings in shares of Lightbridge by 4.6% during the fourth quarter. Rathbones Group PLC now owns 19,232 shares of the energy company’s stock valued at $243,000 after acquiring an additional 850 shares during the period. LeConte Wealth Management LLC lifted its position in shares of Lightbridge by 9.6% in the 4th quarter. LeConte Wealth Management LLC now owns 12,222 shares of the energy company’s stock valued at $154,000 after acquiring an additional 1,068 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Lightbridge by 2.0% in the 4th quarter. Cetera Investment Advisers now owns 60,129 shares of the energy company’s stock valued at $760,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Lightbridge by 266.6% in the 4th quarter. Federated Hermes Inc. now owns 2,086 shares of the energy company’s stock worth $26,000 after purchasing an additional 1,517 shares during the period. 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.