MSP Recovery (NASDAQ:LIFW) Shares Set to Reverse Split on Monday, November 18th

MSP Recovery, Inc. (NASDAQ:LIFW) shares are scheduled to reverse split on Monday, November 18th. The 1-25 reverse split was announced on Tuesday, November 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 15th.

MSP Recovery Trading Down 14.1 %

Shares of MSP Recovery stock opened at $0.10 on Thursday. MSP Recovery has a fifty-two week low of $0.08 and a fifty-two week high of $7.65. The firm has a market cap of $14.25 million, a PE ratio of -0.02 and a beta of -2.29. The business’s fifty day moving average is $0.13 and its two-hundred day moving average is $0.18. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.71.

MSP Recovery (NASDAQ:LIFW) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($1.49) earnings per share for the quarter. MSP Recovery had a negative return on equity of 5.50% and a negative net margin of 1,162.14%. The business had revenue of $0.34 million for the quarter.

Insiders Place Their Bets

In other news, CEO John Hasan Ruiz acquired 360,620 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of $0.28 per share, for a total transaction of $100,973.60. Following the acquisition, the chief executive officer now directly owns 1,741,406 shares in the company, valued at approximately $487,593.68. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 86.52% 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.