Light Science Technologies (LON:LST) Trading 3.8% Higher – Here’s What Happened

Light Science Technologies Holdings Plc (LON:LSTGet Free Report)’s share price shot up 3.8% on Monday . The company traded as high as GBX 1.75 and last traded at GBX 1.65. Approximately 10,108,773 shares were traded during mid-day trading, an increase of 72% from the average session volume of 5,888,045 shares. The stock had previously closed at GBX 1.59.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on Light Science Technologies

Light Science Technologies Stock Performance

The stock’s fifty day simple moving average is GBX 1.98 and its 200-day simple moving average is GBX 2.77. The company has a quick ratio of 1.06, a current ratio of 0.89 and a debt-to-equity ratio of 146.32. The company has a market capitalization of £17.47 million, a PE ratio of -5.92 and a beta of 0.06.

Light Science Technologies (LON:LSTGet Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported GBX (0.30) earnings per share for the quarter. Light Science Technologies had a negative return on equity of 64.06% and a negative net margin of 11.34%.The firm had revenue of GBX 863 million during the quarter.

About Light Science Technologies

(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.

Further Reading

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