Lightbridge (NASDAQ:LTBR) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Lightbridge Corporation (NASDAQ:LTBR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.03 and traded as low as $7.91. Lightbridge shares last traded at $8.03, with a volume of 567,390 shares.

Analyst Ratings Changes

Several research analysts have weighed in on LTBR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Lightbridge from a “sell” rating to a “strong sell” rating in a report on Sunday, April 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Lightbridge Price Performance

The firm has a market cap of $282.25 million, a PE ratio of -10.43 and a beta of 2.11. The company has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $12.03.

Lightbridge (NASDAQ:LTBR) last issued 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. increased its position in Lightbridge by 266.6% during the 4th 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 period. CrossGen Wealth LLC bought a new stake in shares of Lightbridge in the 4th quarter valued at about $26,000. Legal & General Group Plc purchased a new stake in shares of Lightbridge in the 2nd quarter worth approximately $28,000. Advisory Services Network LLC purchased a new stake in shares of Lightbridge in the 3rd quarter worth approximately $50,000. Finally, Leonteq Securities AG bought a new position in shares of Lightbridge during the fourth quarter valued at approximately $51,000. 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.