Litigation Capital Management (LON:LIT) Sets New 12-Month Low – Should You Sell?

Litigation Capital Management Limited (LON:LIT) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 47 ($0.60) and last traded at GBX 47.56 ($0.61), with a volume of 383552 shares trading hands. The stock had previously closed at GBX 50.20 ($0.64).

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIT. Canaccord Genuity Group restated a “buy” rating and set a GBX 182 ($2.32) price objective on shares of Litigation Capital Management in a research note on Tuesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.32) price target on shares of Litigation Capital Management in a research report on Tuesday, March 18th.

Litigation Capital Management Trading Down 5.3 %

The firm has a market cap of £107.77 million, a price-to-earnings ratio of 8.15 and a beta of 0.31. The business’s 50 day moving average price is GBX 69.11 and its 200-day moving average price is GBX 93.34. The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54.

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.