Manolete Partners (LON:MANO) Trading Down 2.6% – Here’s Why

Manolete Partners Plc (LON:MANO)’s stock price fell 2.6% during mid-day trading on Tuesday . The company traded as low as GBX 38 and last traded at GBX 38. 28,359 shares traded hands during trading, a decline of 62% from the average daily volume of 73,886 shares. The stock had previously closed at GBX 39.

Manolete Partners Trading Down 0.2%

The firm has a market cap of £16.61 million, a P/E ratio of 26.89 and a beta of 0.60. The business’s 50-day moving average is GBX 42.27 and its two-hundred day moving average is GBX 52.58. The company has a debt-to-equity ratio of 28.95, a current ratio of 3.98 and a quick ratio of 6.25.

About Manolete Partners

Manolete Partners Plc is the UK’s leading insolvency claims financing company. Serving a growing market worth over £500 million annually, the Company has a highly experienced team with coverage across the UK and a proven track record of generating strong historic returns across over 1,300 cases financed and completed to date.

Widely recognised as the industry leader, Manolete is the only company in the insolvency litigation funding section to be ranked in Band 1 of the legal industry’s prestigious Chambers Guide five times.