Light Science Technologies (LON:LST) Trading 3.7% Higher – Here’s Why

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

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 Stock Up 3.7%

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 firm has a market capitalization of £25.49 million, a P/E ratio of -8.63 and a beta of -0.82. The stock has a fifty day moving average price of GBX 1.60 and a two-hundred day moving average price of GBX 3.45.

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