Lightbridge (NASDAQ:LTBR) Posts Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR) issued its earnings results on Wednesday. The energy company reported ($0.18) EPS for the quarter, FiscalAI reports.

Lightbridge Trading Up 3.4%

NASDAQ:LTBR traded up $0.32 during midday trading on Friday, hitting $9.46. 672,102 shares of the company traded hands, compared to its average volume of 924,431. Lightbridge has a 12-month low of $6.92 and a 12-month high of $31.33. The firm has a market capitalization of $332.69 million, a P/E ratio of -11.98 and a beta of 2.14. The firm’s fifty day moving average is $8.92 and its 200-day moving average is $11.44.

Institutional Investors Weigh In On Lightbridge

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Lightbridge in the second quarter worth about $22,580,000. Deutsche Bank AG acquired a new position in shares of Lightbridge in the 2nd quarter valued at $295,000. Bank of New York Mellon Corp purchased a new stake in shares of Lightbridge in the 2nd quarter valued at $752,000. Pacer Advisors Inc. raised its stake in shares of Lightbridge by 17.8% in the first quarter. Pacer Advisors Inc. now owns 164,452 shares of the energy company’s stock valued at $1,753,000 after acquiring an additional 24,863 shares in the last quarter. Finally, Rathbones Group PLC grew its stake in shares of Lightbridge by 50.1% during the first quarter. Rathbones Group PLC now owns 28,861 shares of the energy company’s stock worth $308,000 after purchasing an additional 9,629 shares in the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

Analysts Set New Price Targets

LTBR has been the subject of a number of research analyst reports. Wall Street Zen downgraded Lightbridge from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightbridge currently has an average rating of “Sell”.

About Lightbridge

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.