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

Lightbridge Corporation (NASDAQ:LTBR) shares passed 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.

Wall Street Analysts Forecast Growth

LTBR has been the topic of a number of recent research reports. Wall Street Zen downgraded Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Lightbridge Stock Performance

The business’s 50 day moving average is $11.77 and its 200-day moving average is $13.48. The stock has a market cap of $333.93 million, a price-to-earnings ratio of -12.34 and a beta of 2.09.

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

Hedge Funds Weigh In On Lightbridge

Several hedge funds and other institutional investors have recently made changes to their positions in LTBR. State Street Corp increased its position in shares of Lightbridge by 318.0% during the fourth quarter. State Street Corp now owns 1,847,661 shares of the energy company’s stock worth $23,354,000 after purchasing an additional 1,405,608 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Lightbridge during the third quarter worth approximately $11,952,000. Renaissance Technologies LLC increased its position in shares of Lightbridge by 584.3% during the fourth 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 increased its position in shares of Lightbridge by 168.2% during the third 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 increased its position in shares of Lightbridge by 166.3% during the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after purchasing an additional 295,890 shares in the last quarter. Hedge funds and other institutional investors 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.