Light Science Technologies (LON:LST) Trading 14.6% Higher – Here’s What Happened

Light Science Technologies Holdings Plc (LON:LST) shares rose 14.6% during mid-day trading on Friday . The stock traded as high as GBX 1.95 and last traded at GBX 1.95. Approximately 6,301,571 shares were traded during mid-day trading, an increase of 21% from the average session volume of 5,199,844 shares. The stock had previously closed at GBX 1.70.

Analysts Set New Price Targets

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

Light Science Technologies Stock Up 14.6%

The company has a market cap of £19.17 million, a price-to-earnings ratio of -6.49 and a beta of 0.07. The business has a fifty day moving average of GBX 1.79 and a two-hundred day moving average of GBX 2.29. The company has a current ratio of 0.89, a quick ratio of 1.06 and a debt-to-equity ratio of 146.32.

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.