Litigation Capital Management (LON:LIT) Sets New 12-Month Low – Here’s What Happened

Litigation Capital Management Limited (LON:LIT) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 28 ($0.38) and last traded at GBX 28 ($0.38), with a volume of 1491011 shares traded. The stock had previously closed at GBX 32 ($0.43).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 182 ($2.45) target price on shares of Litigation Capital Management in a research report on Tuesday, March 18th.

Litigation Capital Management Stock Down 12.5%

The firm’s fifty day moving average price is GBX 47.42 and its 200-day moving average price is GBX 69.08. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01. The firm has a market capitalization of £63.45 million, a P/E ratio of 4.80 and a beta of 0.31.

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.