MSP Recovery (NASDAQ:LIFW) Shares Down 4.4% – What’s Next?

MSP Recovery, Inc. (NASDAQ:LIFW)’s share price traded down 4.4% during mid-day trading on Wednesday . The company traded as low as $1.24 and last traded at $1.30. 46,795 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 453,270 shares. The stock had previously closed at $1.36.

MSP Recovery Stock Down 4.4 %

The firm’s fifty day simple moving average is $1.99 and its 200 day simple moving average is $2.15. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.85. The company has a market cap of $8.53 million, a price-to-earnings ratio of -0.01 and a beta of -2.38.

Institutional Trading of MSP Recovery

A hedge fund recently bought a new stake in MSP Recovery stock. Two Sigma Investments LP acquired a new stake in MSP Recovery, Inc. (NASDAQ:LIFW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,369 shares of the company’s stock, valued at approximately $43,000. Two Sigma Investments LP owned about 0.20% of MSP Recovery as of its most recent filing with the Securities and Exchange Commission. 3.77% of the stock is owned by institutional investors.

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.