Light Science Technologies (LON:LST) Trading Down 8.3% – Here’s What Happened

Light Science Technologies Holdings Plc (LON:LST)’s stock price dropped 8.3% on Wednesday . The company traded as low as GBX 1.60 and last traded at GBX 1.65. Approximately 2,525,168 shares traded hands during trading, a decline of 56% from the average daily volume of 5,729,103 shares. The stock had previously closed at GBX 1.80.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating and issued a GBX 4.60 price target on shares of Light Science Technologies in a report on Wednesday.

Light Science Technologies Trading Down 8.3%

The company has a fifty day simple moving average of GBX 1.93 and a 200-day simple moving average of GBX 2.88. 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 stock has a market cap of £16.24 million, a price-to-earnings ratio of -5.50 and a beta of 0.06.

Light Science Technologies (LON:LST) last posted its quarterly earnings data on Friday, April 24th. The company reported GBX (0.30) 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 firm 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.