Litigation Capital Management (LON:LIT) Reaches New 52-Week Low – Time to Sell?

Litigation Capital Management Limited (LON:LIT) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 78.80 ($0.98) and last traded at GBX 82 ($1.02), with a volume of 1663880 shares. The stock had previously closed at GBX 81 ($1.01).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.26) target price on shares of Litigation Capital Management in a report on Tuesday, December 17th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 182 ($2.26) price objective on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Stock Performance

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 cap of £84.09 million, a PE ratio of 1,366.67 and a beta of 0.31. The firm’s fifty day moving average is GBX 102.81 and its 200 day moving average is GBX 104.92.

Litigation Capital Management Company Profile

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.