Litigation Capital Management (LON:LIT) Sets New 12-Month Low - Here's What Happened

Litigation Capital Management Limited (LON:LIT - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as GBX 66.96 ($0.85) and last traded at GBX 68.40 ($0.87), with a volume of 5097145 shares trading hands. The stock had previously closed at GBX 67.20 ($0.85).

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LIT. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 182 ($2.31) price objective on shares of Litigation Capital Management in a report on Tuesday, December 17th. Canaccord Genuity Group restated a "buy" rating and set a GBX 182 ($2.31) price target on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Stock Down 1.2 %

The stock has a 50-day moving average of GBX 89.88 and a 200 day moving average of GBX 100.91. The company has a market capitalization of £146.38 million, a PE ratio of 11.08 and a beta of 0.31. The company has a quick ratio of 3.01, a current ratio of 17.54 and a debt-to-equity ratio of 32.77.

About Litigation Capital Management

Litigation Capital Management (“LCM”) is an alternative asset manager specialising in litigation financing solutions internationally. Through our two business models, direct balance sheet and third party fund management, we create value through our three primary investment strategies – single-cases; case portfolios; and acquisition of insolvency claims.