Shares of Light Science Technologies Holdings Plc (LON:LST – Get Free Report) dropped 6.7% during mid-day trading on Thursday . The company traded as low as GBX 2.20 and last traded at GBX 2.29. Approximately 10,542,416 shares traded hands during trading, an increase of 69% from the average daily volume of 6,250,283 shares. The stock had previously closed at GBX 2.45.
Wall Street Analyst Weigh In
Separately, Shore Capital Group reiterated a “house stock” rating and issued a GBX 4.60 target price on shares of Light Science Technologies in a research note on Tuesday, May 5th.
View Our Latest Stock Analysis on LST
Light Science Technologies Trading Up 8.6%
Light Science Technologies (LON:LST – Get Free Report) last released its earnings results on Friday, April 24th. The company reported GBX (0.30) earnings per share for the quarter. Light Science Technologies had a negative net margin of 11.34% and a negative return on equity of 64.06%. The company had revenue of GBX 863 million during the quarter.
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.
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