MSP Recovery (NASDAQ:LIFW) Trading Down 5.3% – Should You Sell?

MSP Recovery, Inc. (NASDAQ:LIFW)’s share price dropped 5.3% during mid-day trading on Wednesday . The stock traded as low as $1.36 and last traded at $1.42. Approximately 40,297 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 634,738 shares. The stock had previously closed at $1.50.

MSP Recovery Stock Performance

The firm has a fifty day moving average of $1.47 and a 200-day moving average of $1.67. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.85. The firm has a market cap of $9.38 million, a P/E ratio of -0.01 and a beta of -2.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MSP Recovery stock. Two Sigma Investments LP purchased a new position in shares of MSP Recovery, Inc. (NASDAQ:LIFW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,369 shares of the company’s stock, valued at approximately $43,000. Two Sigma Investments LP owned about 0.20% of MSP Recovery at the end of the most recent reporting period. 3.77% of the stock is owned by hedge funds and other institutional investors.

MSP Recovery Company Profile

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.