Lightbridge (NASDAQ:LTBR) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Lightbridge Corporation (NASDAQ:LTBR) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $9.43 and traded as low as $6.32. Lightbridge shares last traded at $6.42, with a volume of 752,607 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Lightbridge Stock Up 1.0%

The firm has a market capitalization of $227.38 million, a P/E ratio of -7.68 and a beta of 2.08. The firm’s 50-day simple moving average is $7.53 and its 200-day simple moving average is $9.40.

Lightbridge (NASDAQ:LTBR) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported ($0.18) EPS for the quarter.

Insider Transactions at Lightbridge

In other Lightbridge news, Director Mark Tobin sold 15,000 shares of Lightbridge stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.99, for a total transaction of $134,850.00. Following the completion of the sale, the director owned 66,669 shares of the company’s stock, valued at $599,354.31. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lightbridge

Several institutional investors have recently modified their holdings of the company. Legal & General Group Plc bought a new stake in Lightbridge in the 2nd quarter worth approximately $29,000. Integrated Wealth Concepts LLC bought a new position in Lightbridge during the second quarter valued at approximately $31,000. Apella Capital LLC purchased a new position in shares of Lightbridge during the third quarter worth approximately $92,000. Sei Investments Co. purchased a new position in shares of Lightbridge during the first quarter worth approximately $107,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Lightbridge by 13.1% in the 2nd quarter. Wellington Management Group LLP now owns 15,462 shares of the energy company’s stock worth $136,000 after acquiring an additional 1,794 shares during the last quarter. 9.14% of the stock is currently owned by institutional investors.

About Lightbridge

Lightbridge Corporation is a nuclear fuel technology company focused on developing advanced fuel designs for commercial nuclear reactors. Its primary technology is a metallic nuclear fuel intended to improve reactor performance, safety characteristics and operating economics compared with conventional fuel designs.

The company’s fuel technology is being developed for potential use in both existing light-water reactors and next-generation reactors. Lightbridge has also explored fuel designs incorporating thorium and uranium, although its current development efforts center on metallic fuel assemblies and related materials and manufacturing technologies.

Lightbridge was previously known as Thorium Power and adopted the Lightbridge name as it expanded its focus on advanced nuclear fuel technologies.