Lightbridge (NASDAQ:LTBR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why
by Kim Johansen · The Markets DailyLightbridge Corporation (NASDAQ:LTBR – Get Free Report)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.87 and traded as low as $6.68. Lightbridge shares last traded at $6.79, with a volume of 755,301 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightbridge currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on LTBR
Lightbridge Stock Down 1.9%
The stock’s 50-day moving average price is $7.85 and its 200 day moving average price is $9.83. The company has a market cap of $251.73 million, a P/E ratio of -8.51 and a beta of 2.13.
Lightbridge (NASDAQ:LTBR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported ($0.18) earnings per share (EPS) for the quarter.
Insider Transactions at Lightbridge
In other news, Director Mark Tobin sold 15,000 shares of Lightbridge stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.99, for a total value of $134,850.00. Following the transaction, the director directly owned 66,669 shares in the company, valued at approximately $599,354.31. The trade was a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.40% of the stock is owned by company insiders.
Institutional Trading of Lightbridge
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new stake in shares of Lightbridge in the second quarter valued at approximately $29,000. Integrated Wealth Concepts LLC bought a new position in Lightbridge during the second quarter worth $31,000. Leonteq Securities AG acquired a new position in Lightbridge during the 4th quarter valued at $51,000. Sei Investments Co. bought a new stake in Lightbridge in the 1st quarter valued at $107,000. Finally, Wellington Management Group LLP boosted its holdings in Lightbridge by 13.1% in the 2nd quarter. Wellington Management Group LLP now owns 15,462 shares of the energy company’s stock valued at $136,000 after purchasing an additional 1,794 shares during the period. Institutional investors and hedge funds own 9.14% of the company’s stock.
Lightbridge Company Profile
Lightbridge Corporation (NASDAQ:LTBR) is a nuclear technology company developing advanced nuclear fuel designs for commercial nuclear reactors. Its primary focus is metallic fuel technology intended to improve reactor performance, safety characteristics and operating efficiency compared with conventional nuclear fuel.
Lightbridge is developing fuel assemblies and related fuel technologies for both existing light-water reactors and potential next-generation reactor designs. The company’s work includes fuel-rod and fuel-assembly concepts designed to support higher power output and improved accident tolerance, with the goal of enabling deployment through partnerships with reactor operators, fuel manufacturers and government research organizations.
Founded as Thorium Power, the company adopted the Lightbridge name in 2010 as it focused on advanced nuclear fuel development.