Light Science Technologies (LON:LST) Trading Down 3.4% – Should You Sell?

Light Science Technologies Holdings Plc (LON:LST) shares were down 3.4% during mid-day trading on Thursday . The company traded as low as GBX 2.12 and last traded at GBX 2.27. Approximately 2,918,955 shares changed 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.

Wall Street Analyst Weigh In

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

Light Science Technologies Stock Down 3.4%

The company has a current ratio of 0.89, a quick ratio of 1.06 and a debt-to-equity ratio of 146.32. The company has a market capitalization of £22.34 million, a price-to-earnings ratio of -7.57 and a beta of -0.82. The firm’s fifty day simple moving average is GBX 1.67 and its two-hundred day simple moving average is GBX 3.25.

Light Science Technologies (LON:LST) last posted its earnings results on Friday, April 24th. The company reported GBX (0.30) earnings per share 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%.

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.