Light Science Technologies (LON:LST) Shares Down 6.7% – Here’s What Happened

Shares of Light Science Technologies Holdings Plc (LON:LST) fell 6.7% during trading on Thursday . The company traded as low as GBX 2.20 and last traded at GBX 2.29. 10,542,416 shares were traded during mid-day trading, an increase of 69% from the average session volume of 6,250,283 shares. The stock had previously closed at GBX 2.45.

Wall Street Analysts Forecast Growth

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

Light Science Technologies Trading Down 6.7%

The firm has a market cap of £22.50 million, a price-to-earnings ratio of -7.62 and a beta of -0.82. The company has a quick ratio of 1.06, a current ratio of 0.89 and a debt-to-equity ratio of 146.32. The business has a 50 day moving average price of GBX 1.64 and a 200-day moving average price of GBX 3.51.

Light Science Technologies (LON:LST) last released its quarterly earnings results on Friday, April 24th. The company reported GBX (0.30) EPS for the quarter. The company 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.