Light Science Technologies (LON:LST) Trading Down 6.7% – Here’s Why

Light Science Technologies Holdings Plc (LON:LST) fell 6.7% during trading on Thursday . The company traded as low as GBX 2.20 and last traded at GBX 2.29. 10,542,416 shares traded hands during trading, an increase of 69% from the average session volume of 6,250,283 shares. The stock had previously closed at GBX 2.45.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 4.60 target price on shares of Light Science Technologies in a research report on Tuesday, May 5th.

Light Science Technologies Stock Down 6.7%

The company has a current ratio of 0.89, a quick ratio of 1.06 and a debt-to-equity ratio of 146.32. The firm has a market capitalization of £22.50 million, a PE ratio of -7.62 and a beta of -0.82. The firm has a 50-day moving average of GBX 1.64 and a two-hundred day moving average of GBX 3.51.

Light Science Technologies (LON:LST) last posted its quarterly earnings results on Friday, April 24th. The company reported GBX (0.30) earnings per share (EPS) for the quarter. The firm had revenue of GBX 863 million for the quarter. Light Science Technologies had a negative net margin of 11.34% and a negative return on equity of 64.06%.

Light Science Technologies Company Profile

Light Science Technologies Holdings plc (“LSTH”) operates through three divisions: Passive fire protection (“PFP”); AgTech (“AGT”) and contract electronics manufacturing (“CEM”). The Company is involved in the design, manufacturing, and installation of products and customized solutions spanning various industry sectors, with a focus on addressing global challenges related to food security, climate change, and fire protection, the Group is committed to developing robust solutions in these rapidly growing market sectors.

As both an installer and supplier of the fire resistant graphite barrier system Injectclad, the PFP division is strongly positioned to capture a growing proportion of the fire remediation market as the Buildings Safety Regulator (“BSR”) backlog unblocks, enabling accelerated conversion of the Company’s strong sales pipeline.