Light Science Technologies (LON:LST) Shares Down 8.7% – Here’s Why

Light Science Technologies Holdings Plc (LON:LST – Get Free Report)’s share price was down 8.7% during mid-day trading on Wednesday . The stock traded as low as GBX 1.50 and last traded at GBX 1.73. Approximately 15,534,356 shares were traded during mid-day trading, an increase of 184% from the average daily volume of 5,473,912 shares. The stock had previously closed at GBX 1.90.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating and set a GBX 4.60 price objective on shares of Light Science Technologies in a research report on Wednesday, September 9th.

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Light Science Technologies Stock Down 8.7%

The business’s 50 day simple moving average is GBX 1.67 and its 200 day simple moving average is GBX 1.80. The company has a market capitalization of £17.06 million, a PE ratio of -5.42 and a beta of 0.07. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 18.33.

Light Science Technologies (LON:LST – Get Free Report) last released 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 return on equity of 29.91% and a negative net margin of 16.68%.

About Light Science Technologies

(Get Free Report)

Light Science Technologies Holdings plc (“LSTH”) operates through three divisions: Passive fire protection (“PFP”); contract electronics manufacturing (“CEM”) and AgTech (“AGT”). 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 fire protection, food security and climate change, 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 Injectaclad, 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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