Lightbridge (NASDAQ:LTBR) Share Price Passes Below 200-Day Moving Average – What’s Next?

Lightbridge Corporation (NASDAQ:LTBR)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.85 and traded as low as $14.44. Lightbridge shares last traded at $14.49, with a volume of 1,124,474 shares traded.

Analysts Set New Price Targets

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

Lightbridge Stock Performance

The stock has a market capitalization of $424.91 million, a price-to-earnings ratio of -16.29 and a beta of 1.85. The company has a 50 day moving average of $19.83 and a 200 day moving average of $16.83.

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

Insider Activity

In other news, Director Sweta Chakraborty sold 1,948 shares of Lightbridge stock in a transaction on Monday, December 1st. The shares were sold at an average price of $15.47, for a total transaction of $30,135.56. Following the completion of the sale, the director directly owned 41,553 shares of the company’s stock, valued at approximately $642,824.91. The trade was a 4.48% 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, EVP Andrey Mushakov sold 25,093 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $25.06, for a total value of $628,830.58. Following the completion of the transaction, the executive vice president directly owned 395,699 shares in the company, valued at $9,916,216.94. This trade represents a 5.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,793 shares of company stock valued at $2,764,199 over the last quarter. Company insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Lightbridge

Institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new stake in shares of Lightbridge in the 2nd quarter valued at about $7,856,000. Balboa Wealth Partners purchased a new stake in Lightbridge in the second quarter valued at approximately $159,000. Geneos Wealth Management Inc. acquired a new stake in shares of Lightbridge in the first quarter valued at approximately $471,000. Goldman Sachs Group Inc. boosted its holdings in shares of Lightbridge by 601.6% in the first quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock valued at $683,000 after acquiring an additional 78,561 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Lightbridge during the first quarter worth approximately $159,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

About Lightbridge

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.