Lightbridge (NASDAQ:LTBR) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Lightbridge shares fell below their 200-day moving average of $9.21, trading as low as $4.87 before closing at $5.35 on elevated volume.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (D-)” rating, and MarketBeat reports a consensus “Sell” rating.
• The company reported a quarterly loss of $0.18 per share, while director Mark Tobin sold 15,000 shares for approximately $134,850; insiders own 5.40% of the stock.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $9.21 and traded as low as $4.87. Lightbridge shares last traded at $5.35, with a volume of 1,038,608 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lightbridge in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".

Lightbridge Price Performance

The stock has a market capitalization of $200.41 million, a price-to-earnings ratio of -6.77 and a beta of 2.08. The stock's 50 day simple moving average is $7.21 and its 200-day simple moving average is $9.21.

Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The energy company reported ($0.18) EPS for the quarter.

Insider Transactions at Lightbridge

In related news, Director Mark Tobin sold 15,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.99, for a total value of $134,850.00. Following the completion of the sale, the director directly owned 66,669 shares in the company, valued at approximately $599,354.31. This represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.40% of the company's stock.

Hedge Funds Weigh In On Lightbridge

Several institutional investors have recently bought and sold shares of LTBR. Legal & General Group Plc bought a new stake in shares of Lightbridge during the 2nd quarter worth about $29,000. Integrated Wealth Concepts LLC acquired a new position in shares of Lightbridge during the 2nd quarter valued at about $31,000. Apella Capital LLC bought a new position in shares of Lightbridge in the 3rd quarter valued at approximately $92,000. Sei Investments Co. bought a new position in shares of Lightbridge in the 1st quarter valued at approximately $107,000. Finally, Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 1,794 shares in the last quarter. 9.14% of the stock is currently owned by institutional investors.

About Lightbridge

Lightbridge Corporation is a nuclear fuel technology company focused on developing advanced fuel designs for commercial nuclear reactors. Its primary technology is a metallic nuclear fuel intended to improve reactor performance, safety characteristics and operating economics compared with conventional fuel designs.

The company's fuel technology is being developed for potential use in both existing light-water reactors and next-generation reactors. Lightbridge has also explored fuel designs incorporating thorium and uranium, although its current development efforts center on metallic fuel assemblies and related materials and manufacturing technologies.

Lightbridge was previously known as Thorium Power and adopted the Lightbridge name as it expanded its focus on advanced nuclear fuel technologies.

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