Manolete Partners (LON:MANO) Reaches New 12-Month Low – Should You Sell?

Manolete Partners Plc (LON:MANOGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as GBX 60 and last traded at GBX 62, with a volume of 130512 shares. The stock had previously closed at GBX 68.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 130.

Read Our Latest Stock Analysis on Manolete Partners

Manolete Partners Trading Down 1.6%

The company has a current ratio of 4.92, a quick ratio of 6.25 and a debt-to-equity ratio of 33.92. The stock has a market capitalization of £26.29 million, a price-to-earnings ratio of 42.55 and a beta of 0.77. The business has a 50 day simple moving average of GBX 79.35 and a 200-day simple moving average of GBX 85.50.

Manolete Partners (LON:MANOGet Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX (1.09) EPS for the quarter. Manolete Partners had a net margin of 180.12% and a return on equity of 109.76%. On average, equities analysts predict that Manolete Partners Plc will post 4.2845258 earnings per share for the current year.

Insiders Place Their Bets

In other Manolete Partners news, insider Leigh of Hurley sold 65,000 shares of Manolete Partners stock in a transaction on Friday, November 21st. The shares were sold at an average price of GBX 71, for a total value of £46,150. 11.70% of the stock is currently owned by corporate insiders.

About Manolete Partners

(Get Free Report)

Manolete Partners Plc is the UK’s leading insolvency litigation financing company which was founded in 2009 by its Chief Executive, Steven Cooklin, a UK Chartered Accountant.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent companies.

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