Litigation Capital Management (LON:LIT) Hits 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 Friday . The stock traded as low as GBX 63.10 ($0.81) and last traded at GBX 63.10 ($0.81), with a volume of 249323 shares changing hands. The stock had previously closed at GBX 67 ($0.86).

Wall Street Analyst Weigh In

Several research firms have weighed in on LIT. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 182 ($2.34) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 182 ($2.34) target price on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Stock Down 2.5 %

The firm's 50-day moving average price is GBX 84.29 and its 200 day moving average price is GBX 98.87. 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 company has a market capitalization of £141.85 million, a price-to-earnings ratio of 10.73 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.