Light Science Technologies (LON:LST) Stock Price Down 6.9% – Should You Sell?

Light Science Technologies Holdings Plc (LON:LST) was down 6.9% during trading on Wednesday . The company traded as low as GBX 1.43 and last traded at GBX 1.49. 3,075,848 shares traded hands during trading, a decline of 42% from the average session volume of 5,315,271 shares. The stock had previously closed at GBX 1.60.

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, August 13th.

Light Science Technologies Trading Down 6.9%

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 50-day moving average price of GBX 1.67 and a 200 day moving average price of GBX 2.06. The company has a market cap of £14.66 million, a price-to-earnings ratio of -4.97 and a beta of 0.07.

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

Light Science Technologies Company Profile

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.