Light Science Technologies (LON:LST) Trading 9.7% Higher – Here’s Why

Light Science Technologies Holdings Plc (LON:LST)’s share price shot up 9.7% on Friday . The company traded as high as GBX 1.70 and last traded at GBX 1.59. Approximately 32,552,994 shares were traded during trading, an increase of 508% from the average session volume of 5,358,448 shares. The stock had previously closed at GBX 1.45.

Wall Street Analysts Forecast Growth

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

Light Science Technologies Stock Up 9.7%

The firm’s 50-day simple moving average is GBX 1.69 and its 200-day simple moving average is GBX 2.11. 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 company has a market capitalization of £15.65 million, a price-to-earnings ratio of -5.30 and a beta of 0.07.

Light Science Technologies (LON:LST) last issued its quarterly earnings results on Thursday, August 13th. The company reported GBX (0.08) 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%.

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.