Light Science Technologies (LON:LST) Stock Price Down 7.3% – Here’s What Happened

Shares of Light Science Technologies Holdings Plc (LON:LST) traded down 7.3% during trading on Wednesday . The company traded as low as GBX 3.80 and last traded at GBX 3.80. 1,960,796 shares changed hands during trading, an increase of 148% from the average session volume of 789,325 shares. The stock had previously closed at GBX 4.10.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Light Science Technologies in a research note on Wednesday, October 15th.

Light Science Technologies Trading Down 7.3%

The stock has a market cap of £12.32 million, a PE ratio of 126.67 and a beta of -0.82. The firm has a 50-day moving average price of GBX 4.60 and a 200-day moving average price of GBX 4.17. The company has a debt-to-equity ratio of 161.35, a quick ratio of 1.06 and a current ratio of 1.14.

Light Science Technologies Company Profile

Light Science Technologies Holdings plc operates through three divisions: controlled environment agriculture (“CEA”); contract electronics manufacturing (“CEM”); and passive fire protection (“PFP”). The company is involved in the design, manufacturing, and installation of products and customized solutions spanning various industry sectors, including commercial horticulture, pest control, lighting, audio, gas detection, and fire protection. 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.

LSTH is the holding company for Light Science Technologies Ltd (“Light Science Technologies”) and Tomtech (UK) Limited (“Tomtech”) in the CEA division; UK Circuits and Electronics Solutions Limited (“UK Circuits”) in the CEM division; and LSTH IFB Limited (“LSTH IFB”) in the PFP division.

Controlled Environment Agriculture
The Group’s tailored solutions encompass control systems, grow lights, sensor technology, venting, and irrigation systems, catering to both UK and global customers.