Litigation Capital Management (LON:LIT) Stock Price Down 10.3% – What’s Next?

Litigation Capital Management Limited (LON:LIT)’s stock price dropped 10.3% on Friday . The stock traded as low as GBX 66.38 ($0.84) and last traded at GBX 69.80 ($0.88). Approximately 2,951,593 shares changed hands during trading, an increase of 620% from the average daily volume of 409,801 shares. The stock had previously closed at GBX 77.80 ($0.98).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LIT. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 182 ($2.30) price target on shares of Litigation Capital Management in a research note on Tuesday, December 17th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 182 ($2.30) price target on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Trading Down 13.6 %

The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The company has a market capitalization of £152.27 million, a P/E ratio of 11.52 and a beta of 0.31. The business has a 50 day moving average price of GBX 91.87 and a 200 day moving average price of GBX 101.73.

About Litigation Capital Management

Litigation Capital Management (“LCM”) is an alternative asset manager specialising in litigation financing solutions internationally. Through our two business models, direct balance sheet and third party fund management, we create value through our three primary investment strategies – single-cases; case portfolios; and acquisition of insolvency claims.