Light Science Technologies (LON:LST) Shares Up 9.7% – Still a Buy?

Light Science Technologies Holdings Plc (LON:LST)’s stock price shot up 9.7% on Wednesday . The company traded as high as GBX 1.81 and last traded at GBX 1.81. Approximately 679,253 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,569,079 shares. The stock had previously closed at GBX 1.65.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating and issued a GBX 4.60 target price on shares of Light Science Technologies in a report on Wednesday, June 24th.

Light Science Technologies Stock Up 9.7%

The firm has a 50 day moving average price of GBX 1.99 and a 200-day moving average price of GBX 2.68. The firm has a market cap of £17.81 million, a price-to-earnings ratio of -6.03 and a beta of 0.07. The company has a debt-to-equity ratio of 146.32, a current ratio of 0.89 and a quick ratio of 1.06.

Light Science Technologies (LON:LST) last issued its earnings results on Friday, April 24th. The company reported GBX (0.30) EPS for the quarter. The business 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%.

About Light Science Technologies

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.