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

Litigation Capital Management Limited (LON:LIT) shares were down 10.3% during mid-day trading 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 mid-day 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).

Analysts Set New Price Targets

Several equities analysts recently issued reports on LIT shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.30) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.30) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Trading Down 13.6 %

The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54. The business has a 50-day simple moving average of GBX 91.87 and a two-hundred day simple moving average of GBX 101.73. The stock has a market cap of £152.27 million, a price-to-earnings ratio of 11.52 and a beta of 0.31.

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.