Light Science Technologies (LON:LST) Shares Climb 11.9% – Time to Buy?

Shares of Light Science Technologies Holdings Plc (LON:LST) were up 11.9% on Tuesday. The stock traded as high as GBX 1.70 and last traded at GBX 1.65. 4,651,996 shares were traded during trading, a decline of 13% from the average session volume of 5,364,443 shares. The stock had previously closed at GBX 1.48.

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 Tuesday, September 22nd.

Light Science Technologies Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 18.33. The firm has a 50-day moving average price of GBX 1.70 and a 200 day moving average price of GBX 1.69. The firm has a market capitalization of £12.13 million, a PE ratio of -3.85 and a beta of 0.07.

Light Science Technologies (LON:LST) last posted its quarterly earnings data on Thursday, August 13th. The company reported GBX (0.08) earnings per share (EPS) for the quarter. Light Science Technologies had a negative net margin of 16.68% and a negative return on equity of 29.91%.

About Light Science Technologies

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.