Light Science Technologies (LON:LST) Stock Price Down 10.9% – Should You Sell?

Light Science Technologies Holdings Plc (LON:LST)’s share price dropped 10.9% during mid-day trading on Thursday . The company traded as low as GBX 1.35 and last traded at GBX 1.43. Approximately 21,625,252 shares were traded during mid-day trading, an increase of 318% from the average daily volume of 5,179,421 shares. The stock had previously closed at GBX 1.60.

Wall Street Analysts Forecast Growth

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

Light Science Technologies Price Performance

The company has a market cap of £15.65 million, a price-to-earnings ratio of -5.30 and a beta of 0.07. The company has a fifty day simple moving average of GBX 1.68 and a two-hundred day simple moving average of GBX 2.10. The company has a quick ratio of 1.06, a current ratio of 0.89 and a debt-to-equity ratio of 146.32.

Light Science Technologies (LON:LST) last released 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 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.