Light Science Technologies (LON:LST) Shares Down 3.4% – Here’s Why

Light Science Technologies Holdings Plc (LON:LST) shares were down 3.4% on Thursday . The stock traded as low as GBX 2.12 and last traded at GBX 2.27. Approximately 2,918,955 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 6,249,863 shares. The stock had previously closed at GBX 2.35.

Analysts Set New Price Targets

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

Light Science Technologies Price Performance

The company has a fifty day simple moving average of GBX 1.69 and a two-hundred day simple moving average of GBX 3.25. The company has a debt-to-equity ratio of 146.32, a quick ratio of 1.06 and a current ratio of 0.89. The company has a market capitalization of £20.91 million, a price-to-earnings ratio of -7.08 and a beta of -0.82.

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

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.