Manolete Partners (LON:MANO) Hits New 1-Year Low – Here’s What Happened

Manolete Partners Plc (LON:MANOGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 55 and last traded at GBX 56, with a volume of 247334 shares trading hands. The stock had previously closed at GBX 56.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on shares of 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 130.

Check Out Our Latest Research Report on MANO

Manolete Partners Price Performance

The firm has a 50 day moving average price of GBX 75 and a two-hundred day moving average price of GBX 84.34. The firm has a market capitalization of £24.53 million, a price-to-earnings ratio of 39.72 and a beta of 0.77. The company has a current ratio of 4.92, a quick ratio of 6.25 and a debt-to-equity ratio of 33.92.

Manolete Partners (LON:MANOGet Free Report) last released 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 expect that Manolete Partners Plc will post 4.2845258 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Leigh of Hurley sold 65,000 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of GBX 71, for a total transaction of £46,150. 11.70% of the stock is 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. The Company has invested in over 1,300 specialist UK insolvency cases and has recovered over £120m for Creditor Estates with an average case duration of just 12 months per case.

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