Litigation Capital Management (LON:LIT) Reaches New 12-Month Low - What's Next?

Litigation Capital Management Limited (LON:LIT - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 47 ($0.62) and last traded at GBX 47.56 ($0.62), with a volume of 383552 shares. The stock had previously closed at GBX 50.20 ($0.66).

Analysts Set New Price Targets

Several research analysts recently commented on LIT shares. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 182 ($2.38) target price on shares of Litigation Capital Management in a report on Tuesday, March 18th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 182 ($2.38) price target on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Stock Performance

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 company has a market capitalization of £107.63 million, a P/E ratio of 8.14 and a beta of 0.31. The company has a 50-day simple moving average of GBX 64.80 and a 200 day simple moving average of GBX 91.18.

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.