Light Science Technologies (LON:LST) Trading 9.7% Higher – Time to Buy?

Light Science Technologies Holdings Plc (LON:LST)’s share price was up 9.7% during mid-day trading on Wednesday . The stock traded as high as GBX 1.81 and last traded at GBX 1.81. 679,253 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 5,569,079 shares. The stock had previously closed at GBX 1.65.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “house stock” rating and issued a GBX 4.60 price objective on shares of Light Science Technologies in a research report on Wednesday, June 24th.

Light Science Technologies Stock Performance

The stock’s 50 day moving average is GBX 1.99 and its two-hundred day moving average is GBX 2.68. The stock has a market capitalization of £17.81 million, a price-to-earnings ratio of -6.03 and a beta of 0.07. The company has a current ratio of 0.89, a quick ratio of 1.06 and a debt-to-equity ratio of 146.32.

Light Science Technologies (LON:LST) last issued 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 during the quarter. Light Science Technologies had a negative net margin of 11.34% and a negative return on equity of 64.06%.

Light Science Technologies Company Profile

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.