MSP Recovery (NASDAQ:LIFW) Trading Down 7.5% – Time to Sell?

MSP Recovery, Inc. (NASDAQ:LIFW)’s stock price traded down 7.5% on Wednesday . The stock traded as low as $1.90 and last traded at $1.97. 50,791 shares were traded during trading, a decline of 98% from the average session volume of 3,333,967 shares. The stock had previously closed at $2.13.

MSP Recovery Trading Down 7.5 %

The business has a 50-day moving average price of $2.39 and a 200-day moving average price of $2.22. 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 capitalization of $12.93 million, a P/E ratio of -0.01 and a beta of -2.38.

Institutional Investors Weigh In On MSP Recovery

A hedge fund recently bought a new stake 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,369 shares of the company’s stock, valued at approximately $43,000. Two Sigma Investments LP owned 0.20% of MSP Recovery as of its most recent SEC filing. Institutional investors and hedge funds own 3.77% of the company’s stock.

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.