Light Science Technologies (LON:LST) Shares Down 10.9% – Here’s What Happened

Light Science Technologies Holdings Plc (LON:LSTGet Free Report) shares dropped 10.9% 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 trading, an increase of 318% from the average daily volume of 5,179,421 shares. The stock had previously closed at GBX 1.60.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on LST

Light Science Technologies Stock Performance

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 firm has a market capitalization of £14.02 million, a price-to-earnings ratio of -4.75 and a beta of 0.07. The stock has a fifty day moving average price of GBX 1.71 and a 200-day moving average price of GBX 2.13.

Light Science Technologies (LON:LSTGet Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported GBX (0.08) EPS for 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

(Get Free Report)

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.

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