Light Science Technologies (LON:LST) Shares Down 16.2% – Should You Sell?

Light Science Technologies Holdings Plc (LON:LST)’s share price traded down 16.2% on Thursday. The company traded as low as GBX 0.73 and last traded at GBX 0.80. 14,348,963 shares changed hands during trading, an increase of 159% from the average session volume of 5,535,055 shares. The stock had previously closed at GBX 0.95.

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 Stock Performance

The company has a market cap of £7.87 million, a PE ratio of -2.50 and a beta of 0.07. The company has a debt-to-equity ratio of 18.33, a current ratio of 1.11 and a quick ratio of 1.06. The business has a 50-day moving average of GBX 1.52 and a 200 day moving average of GBX 1.68.

Light Science Technologies (LON:LST) last announced its 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 29.91% and a negative net margin of 16.68%.

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.