Manolete Partners (LON:MANO) Stock Falls 3.7% – Should You Sell?

Manolete Partners Plc (LON:MANO)’s share price fell 3.7% on Wednesday. The company traded as low as GBX 36.60 and last traded at GBX 36.60. Approximately 13,000 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 67,853 shares. The stock had previously closed at GBX 38.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 67 price target on shares of Manolete Partners in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Manolete Partners currently has a consensus rating of “Buy” and an average price target of GBX 67.

Manolete Partners Stock Down 3.6%

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 50 day moving average price is GBX 38.32 and its 200 day moving average price is GBX 44.89. The firm has a market cap of £16.12 million, a PE ratio of 14.90 and a beta of 0.59.

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.