Light Science Technologies (LON:LST) Stock Price Down 10.9% – Should You Sell?

Light Science Technologies Holdings Plc (LON:LST)’s share price traded down 10.9% during trading on Thursday . The company traded as low as GBX 1.35 and last traded at GBX 1.43. 21,625,252 shares traded hands during mid-day trading, an increase of 318% from the average session volume of 5,179,421 shares. The stock had previously closed at GBX 1.60.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating on shares of Light Science Technologies in a research note on Thursday.

Light Science Technologies Price Performance

The stock’s 50-day moving average price is GBX 1.71 and its 200 day moving average price is GBX 2.13. The firm has a market cap of £14.02 million, a price-to-earnings ratio of -4.75 and a beta of 0.07. The company has a quick ratio of 1.06, a current ratio of 0.89 and a debt-to-equity ratio of 146.32.

Light Science Technologies (LON:LST) last released its earnings results on Thursday, August 13th. The company reported GBX (0.08) earnings per share 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.