Litigation Capital Management (LON:LIT) Hits New 12-Month Low – Here’s What Happened

Litigation Capital Management Limited (LON:LIT)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 57.20 ($0.74) and last traded at GBX 57.20 ($0.74), with a volume of 382056 shares trading hands. The stock had previously closed at GBX 62 ($0.80).

Wall Street Analyst Weigh In

LIT has been the subject of several recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 182 ($2.35) price objective on shares of Litigation Capital Management in a report on Tuesday, March 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.35) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Trading Down 7.7 %

The stock has a market cap of £129.61 million, a P/E ratio of 9.81 and a beta of 0.31. 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 business’s fifty day simple moving average is GBX 74.31 and its 200 day simple moving average is GBX 95.22.

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.