Lightbridge (NASDAQ:LTBR) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Lightbridge Co. (NASDAQ:LTBR - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.48 and traded as high as $7.97. Lightbridge shares last traded at $7.96, with a volume of 821,417 shares trading hands.

Lightbridge Price Performance

The company has a market capitalization of $191.31 million, a price-to-earnings ratio of -12.21 and a beta of 2.12. The stock has a 50-day moving average price of $8.57 and a 200-day moving average price of $7.67.

Lightbridge (NASDAQ:LTBR - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.

Insider Activity

In other Lightbridge news, EVP Andrey Mushakov sold 30,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total transaction of $437,400.00. Following the transaction, the executive vice president now owns 159,893 shares in the company, valued at $2,331,239.94. This trade represents a 15.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Larry Goldman sold 18,303 shares of Lightbridge stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $14.09, for a total value of $257,889.27. Following the sale, the chief financial officer now directly owns 150,900 shares of the company's stock, valued at $2,126,181. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.50% of the company's stock.

Institutional Investors Weigh In On Lightbridge

A number of institutional investors have recently modified their holdings of LTBR. State Street Corp boosted its position in shares of Lightbridge by 18.4% in the third quarter. State Street Corp now owns 38,579 shares of the energy company's stock valued at $108,000 after acquiring an additional 6,000 shares during the period. Virtu Financial LLC boosted its position in shares of Lightbridge by 118.8% in the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company's stock valued at $78,000 after acquiring an additional 15,150 shares during the period. Capital Market Strategies LLC lifted its position in Lightbridge by 42.5% during the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company's stock worth $94,000 after purchasing an additional 5,950 shares during the period. Evanson Asset Management LLC bought a new stake in Lightbridge during the fourth quarter worth about $47,000. Finally, Private Advisor Group LLC bought a new stake in Lightbridge during the fourth quarter worth about $627,000. 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.