Shares of Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $25.69, but opened at $28.28. Lightbridge shares last traded at $27.34, with a volume of 965,937 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightbridge in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightbridge presently has a consensus rating of "Sell".
Read Our Latest Analysis on LTBR
Lightbridge Stock Performance
The business's fifty day moving average price is $17.39 and its two-hundred day moving average price is $13.63. The stock has a market capitalization of $666.92 million, a P/E ratio of -31.23 and a beta of 1.93.
Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share for the quarter.
Insider Activity
In related news, EVP Andrey Mushakov sold 25,093 shares of Lightbridge stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $25.06, for a total transaction of $628,830.58. Following the completion of the transaction, the executive vice president directly owned 395,699 shares of the company's stock, valued at approximately $9,916,216.94. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jesse L. Funches sold 1,448 shares of Lightbridge stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $22.67, for a total transaction of $32,826.16. Following the transaction, the director directly owned 64,840 shares of the company's stock, valued at approximately $1,469,922.80. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,601 shares of company stock valued at $2,078,445 in the last quarter. 5.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Lightbridge
Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Lightbridge during the 2nd quarter worth about $26,000. Legal & General Group Plc purchased a new stake in Lightbridge in the 2nd quarter valued at about $28,000. Stone House Investment Management LLC purchased a new stake in Lightbridge in the 1st quarter valued at about $35,000. SBI Securities Co. Ltd. boosted its position in Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock valued at $41,000 after buying an additional 1,152 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock valued at $52,000 after buying an additional 3,507 shares during the period. 9.14% of the stock is owned by hedge funds and other institutional investors.
About Lightbridge
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lightbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lightbridge wasn't on the list.
While Lightbridge currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
