Light Science Technologies (LON:LST) Shares Up 7.9% – Time to Buy?

Light Science Technologies Holdings Plc (LON:LST – Get Free Report)’s stock price was up 7.9% during mid-day trading on Monday . The company traded as high as GBX 1.90 and last traded at GBX 1.75. 26,941,098 shares were traded during trading, an increase of 393% from the average daily volume of 5,460,711 shares. The stock had previously closed at GBX 1.62.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Light Science Technologies in a research note on Thursday, August 13th.

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Light Science Technologies Stock Up 10.8%

The firm has a market cap of £17.71 million, a PE ratio of -6.00 and a beta of 0.07. 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 50 day moving average price of GBX 1.64 and a 200-day moving average price of GBX 2.01.

Light Science Technologies (LON:LST – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported GBX (0.08) earnings per share 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

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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.

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