Manolete Partners (LON:MANO) Announces Earnings Results

Manolete Partners (LON:MANO) announced its earnings results on Wednesday. The company reported GBX (1.09) earnings per share for the quarter, Digital Look Earnings reports. Manolete Partners had a net margin of 180.12% and a return on equity of 109.76%.

Manolete Partners Price Performance

MANO opened at GBX 80 on Wednesday. The company has a quick ratio of 6.25, a current ratio of 4.92 and a debt-to-equity ratio of 33.92. The company’s 50-day moving average price is GBX 90.51 and its 200 day moving average price is GBX 88.32. Manolete Partners has a fifty-two week low of GBX 70.14 and a fifty-two week high of GBX 118. The firm has a market cap of £35.05 million, a price-to-earnings ratio of 39.80 and a beta of 0.77.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 172 price objective on shares of Manolete Partners in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 172.

Manolete Partners Company Profile

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.