Litigation Capital Management (LON:LIT) Reaches New 1-Year Low - What's Next?

Shares of Litigation Capital Management Limited (LON:LIT - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 62 ($0.80) and last traded at GBX 62 ($0.80), with a volume of 666751 shares changing hands. The stock had previously closed at GBX 63 ($0.81).

Wall Street Analysts Forecast Growth

LIT has been the topic of several recent analyst reports. Canaccord Genuity Group reissued a "buy" rating and set a GBX 182 ($2.35) price objective on shares of Litigation Capital Management in a research note on Tuesday, December 17th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 182 ($2.35) price target on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Trading Down 3.7 %

The business has a 50 day moving average of GBX 81.43 and a two-hundred day moving average of GBX 97.72. The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54. The firm 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.