Litigation Capital Management (LON:LIT) Stock Price Down 10.3% - Should You Sell?

Litigation Capital Management Limited (LON:LIT - Get Free Report) was down 10.3% during mid-day trading on Friday . The stock traded as low as GBX 66.38 ($0.84) and last traded at GBX 69.80 ($0.88). Approximately 2,951,593 shares were traded during mid-day trading, an increase of 620% from the average daily volume of 409,801 shares. The stock had previously closed at GBX 77.80 ($0.98).

Wall Street Analyst Weigh In

Several research firms have weighed in on LIT. Canaccord Genuity Group restated a "buy" rating and set a GBX 182 ($2.30) price objective on shares of Litigation Capital Management in a report on Tuesday, December 17th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 182 ($2.30) target price on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Stock Performance

The company has a 50-day moving average of GBX 91.21 and a 200-day moving average of GBX 101.45. The company has a market cap of £151.82 million, a PE ratio of 11.49 and a beta of 0.31. The company has a quick ratio of 3.01, a current ratio of 17.54 and a debt-to-equity ratio of 32.77.

Litigation Capital Management Company Profile

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.