Light Science Technologies (LON:LST) Shares Climb 12.9% – Time to Buy?

Light Science Technologies Holdings Plc (LON:LST) was up 12.9% during trading on Friday. The company traded as high as GBX 0.90 and last traded at GBX 0.88. 12,525,202 shares changed hands during trading, an increase of 124% from the average session volume of 5,592,960 shares. The stock had previously closed at GBX 0.78.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Light Science Technologies in a research report on Tuesday, September 22nd.

Light Science Technologies Price Performance

The company has a market cap of £8.61 million, a PE ratio of -2.73 and a beta of 0.07. The firm has a 50 day simple moving average of GBX 1.51 and a 200-day simple moving average of GBX 1.68. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 18.33.

Light Science Technologies (LON:LST) last released its quarterly earnings results on Thursday, August 13th. The company reported GBX (0.08) earnings per share for the quarter. Light Science Technologies had a negative net margin of 16.68% and a negative return on equity of 29.91%.

About Light Science Technologies

Light Science Technologies Holdings plc (“LSTH”) operates through three divisions: Passive fire protection (“PFP”); contract electronics manufacturing (“CEM”) and AgTech (“AGT”). 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 fire protection, food security and climate change, 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 Injectaclad, 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.