Manolete Partners (LON:MANO) Trading 0.3% Higher – What’s Next?

Manolete Partners Plc (LON:MANO) traded up 0.3% on Friday . The stock traded as high as GBX 40 and last traded at GBX 38.60. Approximately 23,287 shares traded hands during trading, a decline of 68% from the average daily volume of 72,610 shares. The stock had previously closed at GBX 38.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating on the stock in a report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 67.

Manolete Partners Price Performance

The stock has a market cap of £16.98 million, a P/E ratio of 15.69 and a beta of 0.59. The company has a debt-to-equity ratio of 30.06, a current ratio of 7.43 and a quick ratio of 6.25. The business’s fifty day moving average price is GBX 40.48 and its 200 day moving average price is GBX 45.67.

Manolete Partners (LON:MANO) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 2.50 earnings per share (EPS) for the quarter. The company had revenue of GBX 2,788 million for the quarter. Manolete Partners had a net margin of 3.92% and a return on equity of 2.62%. Sell-side analysts forecast that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

Manolete Partners Company Profile

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.