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

Shares of Lightbridge Corporation (NASDAQ:LTBR) 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.

Wall Street Analysts Forecast Growth

LTBR has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. Weiss Ratings reiterated 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 data from MarketBeat, the company currently has a consensus rating of “Sell”.

Lightbridge Price Performance

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

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

Hedge Funds Weigh In On Lightbridge

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings in Lightbridge by 318.0% during the fourth quarter. State Street Corp now owns 1,847,661 shares of the energy company’s stock valued at $23,354,000 after purchasing an additional 1,405,608 shares during the period. Vanguard Group Inc. raised its stake in shares of Lightbridge by 19.0% in the third quarter. Vanguard Group Inc. now owns 1,487,461 shares of the energy company’s stock worth $31,549,000 after buying an additional 237,378 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Lightbridge by 16.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 828,550 shares of the energy company’s stock valued at $10,473,000 after buying an additional 114,808 shares in the last quarter. UBS Group AG grew its stake in shares of Lightbridge by 17.7% during the 4th quarter. UBS Group AG now owns 681,667 shares of the energy company’s stock valued at $8,616,000 after acquiring an additional 102,656 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Lightbridge by 27.4% during the 4th quarter. Geode Capital Management LLC now owns 670,661 shares of the energy company’s stock valued at $8,479,000 after acquiring an additional 144,102 shares during the period. 9.14% of the stock is currently owned by hedge funds and other institutional investors.

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.