Lightbridge (NASDAQ:LTBR) Shares Cross Below 200-Day Moving Average – Should You Sell?

Lightbridge Corporation (NASDAQ:LTBRGet Free Report)’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 research analysts have recently issued reports on the company. Wall Street Zen cut 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Research Report on Lightbridge

Lightbridge Price Performance

The stock has a market cap of $255.87 million, a P/E ratio of -9.45 and a beta of 2.11. The company has a fifty day moving average of $10.05 and a 200 day moving average of $12.21.

Lightbridge (NASDAQ:LTBRGet Free Report) 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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in Lightbridge by 318.0% in 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 during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Lightbridge in the 3rd quarter worth approximately $11,952,000. Renaissance Technologies LLC raised its holdings in shares of Lightbridge by 584.3% in the 4th quarter. Renaissance Technologies LLC now owns 538,505 shares of the energy company’s stock worth $6,807,000 after purchasing an additional 459,805 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Lightbridge by 168.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 498,415 shares of the energy company’s stock worth $10,571,000 after purchasing an additional 312,605 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Lightbridge by 166.3% during the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock valued at $6,336,000 after purchasing an additional 295,890 shares during the last quarter. 9.14% of the stock is currently owned by institutional investors.

Lightbridge Company Profile

(Get Free Report)

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.

Further Reading

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