Light Science Technologies (LON:LST) Trading 7.9% Higher – Here’s What Happened

Light Science Technologies Holdings Plc (LON:LST)’s share price was up 7.9% on Monday . The stock traded as high as GBX 1.90 and last traded at GBX 1.75. Approximately 26,941,098 shares traded hands during trading, an increase of 393% from the average session volume of 5,460,711 shares. The stock had previously closed at GBX 1.62.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Light Science Technologies in a research note on Thursday, August 13th.

Light Science Technologies Stock Performance

The company’s fifty day simple moving average is GBX 1.65 and its two-hundred day simple moving average is GBX 1.99. 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 stock has a market capitalization of £17.71 million, a P/E ratio of -6.00 and a beta of 0.07.

Light Science Technologies (LON:LST) last issued its quarterly earnings data on Thursday, August 13th. The company reported GBX (0.08) earnings per share (EPS) for the quarter. Light Science Technologies had a negative return on equity of 64.06% and a negative net margin of 11.34%.

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.