Manolete Partners (LON:MANO) Stock Price Down 3.6% – Should You Sell?

Manolete Partners Plc (LON:MANO) shares were down 3.6% during trading on Wednesday. The stock traded as low as GBX 40 and last traded at GBX 40. Approximately 35,352 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 73,061 shares. The stock had previously closed at GBX 41.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 target price on shares of Manolete Partners in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 67.

Manolete Partners Price Performance

The company has a debt-to-equity ratio of 30.06, a quick ratio of 6.25 and a current ratio of 7.43. The business has a 50-day simple moving average of GBX 39.54 and a 200 day simple moving average of GBX 42.86. The firm has a market cap of £17.59 million, a P/E ratio of 16.26 and a beta of 0.59.

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.