Light Science Technologies (LON:LST) Trading Up 14.6% – Here’s What Happened

Light Science Technologies Holdings Plc (LON:LST) shares traded up 14.6% during mid-day trading on Friday . The company traded as high as GBX 1.95 and last traded at GBX 1.95. 6,301,571 shares changed hands during trading, an increase of 21% from the average session volume of 5,199,844 shares. The stock had previously closed at GBX 1.70.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed 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.

Light Science Technologies Price Performance

The company has a market cap of £19.17 million, a price-to-earnings ratio of -6.49 and a beta of 0.07. The company’s 50 day moving average price is GBX 1.80 and its 200 day moving average price is GBX 2.29. The company has a current ratio of 0.89, a quick ratio of 1.06 and a debt-to-equity ratio of 146.32.

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.