Light Science Technologies (LON:LST) Stock Price Up 1.7% – Here’s What Happened

Shares of Light Science Technologies Holdings Plc (LON:LST) rose 1.7% during trading on Thursday . The company traded as high as GBX 1.70 and last traded at GBX 1.48. Approximately 1,451,670 shares changed hands during trading, a decline of 73% from the average session volume of 5,298,159 shares. The stock had previously closed at GBX 1.45.

Analyst Upgrades and Downgrades

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

Light Science Technologies Stock Performance

The company has a debt-to-equity ratio of 146.32, a current ratio of 0.89 and a quick ratio of 1.06. The firm has a market capitalization of £14.52 million, a PE ratio of -4.92 and a beta of 0.07. The firm has a fifty day moving average price of GBX 1.90 and a 200 day moving average price of GBX 2.42.

Light Science Technologies (LON:LST) last released its earnings results on Friday, April 24th. The company reported GBX (0.30) 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%. The business had revenue of GBX 863 million for the quarter.

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.