Lightbridge (NASDAQ:LTBR) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Lightbridge Corporation (NASDAQ:LTBR) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen cut 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 report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Lightbridge Price Performance

The stock has a market cap of $333.93 million, a price-to-earnings ratio of -12.34 and a beta of 2.09. The firm has a fifty day moving average of $11.77 and a 200 day moving average of $13.48.

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

Institutional Investors Weigh In On Lightbridge

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. increased its holdings in shares of Lightbridge by 266.6% in the fourth quarter. Federated Hermes Inc. now owns 2,086 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,517 shares during the last quarter. CrossGen Wealth LLC purchased a new position in Lightbridge in the fourth quarter worth approximately $26,000. Legal & General Group Plc purchased a new position in Lightbridge in the second quarter worth approximately $28,000. Advisory Services Network LLC purchased a new position in Lightbridge in the third quarter worth approximately $50,000. Finally, Leonteq Securities AG purchased a new position in Lightbridge in the fourth quarter worth approximately $51,000. Institutional investors and hedge funds 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.