Litigation Capital Management (LON:LIT) Reaches New 1-Year Low - Should You Sell?

Litigation Capital Management Limited (LON:LIT - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 45.40 ($0.60) and last traded at GBX 46.20 ($0.61), with a volume of 102975 shares changing hands. The stock had previously closed at GBX 47.50 ($0.63).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 182 ($2.42) price target on shares of Litigation Capital Management in a report on Tuesday, March 18th.

Litigation Capital Management Stock Performance

The stock has a fifty day moving average price of GBX 61.45 and a 200-day moving average price of GBX 89.39. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The firm has a market capitalization of £106.50 million, a price-to-earnings ratio of 8.06 and a beta of 0.31.

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.