MSP Recovery (NASDAQ:LIFW) Trading Down 7.1% – Here’s What Happened

MSP Recovery, Inc. (NASDAQ:LIFW)’s share price fell 7.1% on Monday . The stock traded as low as $1.48 and last traded at $1.69. 352,006 shares were traded during trading, a decline of 98% from the average session volume of 15,586,536 shares. The stock had previously closed at $1.82.

MSP Recovery Stock Down 7.1 %

The company has a market cap of $246.25 million, a price-to-earnings ratio of -0.30 and a beta of -2.29. The stock has a 50-day simple moving average of $3.04 and a 200-day simple moving average of $4.20. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.71.

Insider Activity at MSP Recovery

In related news, CEO John Hasan Ruiz acquired 14,424 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $7.00 per share, for a total transaction of $100,968.00. Following the transaction, the chief executive officer now owns 69,656 shares of the company’s stock, valued at approximately $487,592. The trade was a 26.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.