MSP Recovery (NASDAQ:LIFW) Stock Price Down 1% – Here’s Why

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) dropped 1% during mid-day trading on Wednesday . The stock traded as low as $1.87 and last traded at $1.92. Approximately 17,800 shares were traded during trading, a decline of 97% from the average daily volume of 512,771 shares. The stock had previously closed at $1.94.

MSP Recovery Stock Performance

The firm has a fifty day moving average of $1.91 and a 200-day moving average of $1.99. 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 stock has a market capitalization of $12.60 million, a price-to-earnings ratio of -0.01 and a beta of -2.38.

Institutional Investors Weigh In On MSP Recovery

An institutional investor recently bought a new position in MSP Recovery stock. Pin Oak Investment Advisors Inc. bought a new position in shares of MSP Recovery, Inc. (NASDAQ:LIFW) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,181 shares of the company’s stock, valued at approximately $95,000. Pin Oak Investment Advisors Inc. owned about 0.44% of MSP Recovery at the end of the most recent quarter. Hedge funds and other institutional investors own 3.77% of the company’s stock.

About MSP Recovery

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.