Litigation Capital Management (LON:LIT) Hits New 12-Month Low - Here's Why

Litigation Capital Management Limited (LON:LIT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 78.80 ($0.98) and last traded at GBX 82 ($1.02), with a volume of 1663880 shares changing hands. The stock had previously closed at GBX 81 ($1.01).

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LIT shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 182 ($2.27) target price on shares of Litigation Capital Management in a research note on Tuesday, December 17th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 182 ($2.27) target price on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Trading Down 1.7 %

The company has a quick ratio of 3.01, a current ratio of 17.54 and a debt-to-equity ratio of 32.77. The stock has a market cap of £82.04 million, a PE ratio of 1,333.33 and a beta of 0.31. The stock has a 50-day moving average of GBX 100.75 and a 200 day moving average of GBX 104.30.

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.