Light Science Technologies (LON:LST) Stock Price Up 3.7% – Here’s Why

Light Science Technologies Holdings Plc (LON:LST) shares rose 3.7% during trading on Monday . The stock traded as high as GBX 2.60 and last traded at GBX 2.59. Approximately 12,087,684 shares traded hands during trading, an increase of 92% from the average daily volume of 6,311,681 shares. The stock had previously closed at GBX 2.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating and set a GBX 4.60 target price on shares of Light Science Technologies in a research note on Tuesday, May 5th.

Light Science Technologies Stock Down 1.1%

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 company has a market cap of £23.35 million, a price-to-earnings ratio of -7.91 and a beta of -0.82. The firm’s fifty day simple moving average is GBX 1.58 and its 200 day simple moving average is GBX 3.42.

Light Science Technologies (LON:LST) last posted its quarterly earnings results on Friday, April 24th. The company reported GBX (0.30) EPS for the quarter. The firm had revenue of GBX 863 million for the quarter. Light Science Technologies had a negative return on equity of 64.06% and a negative net margin of 11.34%.

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.