MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report) shares traded down 3.6% during mid-day trading on Wednesday . The stock traded as low as $0.52 and last traded at $0.52. 270,039 shares changed hands during trading, an increase of 16% from the average session volume of 232,669 shares. The stock had previously closed at $0.54.
MSP Recovery Trading Down 3.6 %
The company has a 50 day moving average of $0.68 and a 200-day moving average of $0.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $73.62 million, a price-to-earnings ratio of -0.08 and a beta of -2.26.
MSP Recovery (NASDAQ:LIFW – Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter. MSP Recovery had a negative return on equity of 3.70% and a negative net margin of 724.07%. The firm had revenue of $6.00 million for the quarter.
Insider Buying and Selling
Institutional Investors Weigh In On MSP Recovery
An institutional investor recently raised its position in MSP Recovery stock. Palantir Technologies Inc. boosted its stake in shares of MSP Recovery, Inc. (NASDAQ:LIFW – Free Report) by 317.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,038,838 shares of the company’s stock after purchasing an additional 6,873,651 shares during the quarter. MSP Recovery makes up 20.5% of Palantir Technologies Inc.’s investment portfolio, making the stock its 3rd biggest holding. Palantir Technologies Inc. owned approximately 6.57% of MSP Recovery worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.77% of the company’s stock.
MSP Recovery Company Profile
MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.
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