Lightbridge Corporation (NASDAQ:LTBR – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday following insider buying activity. The stock has a two hundred day moving average of $13.63 and traded as high as $26.74. Lightbridge shares last traded at $25.69, with a volume of 2,646,187 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightbridge has an average rating of “Sell”.
View Our Latest Report on LTBR
Lightbridge Trading Down 4.5%
Lightbridge (NASDAQ:LTBR – Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share (EPS) for the quarter.
Institutional Trading of Lightbridge
Several hedge funds and other institutional investors have recently modified their holdings of LTBR. Ameritas Investment Partners Inc. acquired a new position in Lightbridge in the 2nd quarter valued at about $26,000. Legal & General Group Plc bought a new stake in shares of Lightbridge during the second quarter worth approximately $28,000. SBI Securities Co. Ltd. grew its position in shares of Lightbridge by 60.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Lightbridge during the third quarter worth approximately $67,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Lightbridge by 853.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock worth $52,000 after purchasing an additional 3,507 shares during the period. Institutional investors own 9.14% of the company’s stock.
Lightbridge Company Profile
Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.
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