Lightbridge (NASDAQ:LTBR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Lightbridge Corporation (NASDAQ:LTBR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.80 and traded as low as $12.73. Lightbridge shares last traded at $12.74, with a volume of 932,210 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Lightbridge Trading Down 2.5%

The company has a market capitalization of $415.45 million, a P/E ratio of -15.92 and a beta of 1.85. The stock’s fifty day moving average is $17.82 and its 200 day moving average is $16.80.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported ($0.16) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other Lightbridge news, CEO Seth Grae sold 32,296 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $28.07, for a total transaction of $906,548.72. Following the completion of the transaction, the chief executive officer owned 753,316 shares of the company’s stock, valued at $21,145,580.12. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrey Mushakov sold 25,093 shares of Lightbridge stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $25.06, for a total value of $628,830.58. Following the completion of the sale, the executive vice president owned 395,699 shares in the company, valued at approximately $9,916,216.94. This represents a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,195 shares of company stock worth $2,411,535 in the last quarter. 5.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Lightbridge during the 2nd quarter valued at about $26,000. Legal & General Group Plc bought a new stake in Lightbridge during the 2nd quarter valued at approximately $28,000. Advisory Services Network LLC bought a new stake in Lightbridge during the 3rd quarter valued at approximately $50,000. Russell Investments Group Ltd. purchased a new position in shares of Lightbridge during the 3rd quarter worth approximately $53,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after acquiring an additional 1,152 shares in the last quarter. 9.14% of the stock is currently owned by institutional investors.

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.