Litigation Capital Management (LON:LIT) Stock Price Up 1.5% - Here's Why

Litigation Capital Management Limited (LON:LIT - Get Free Report) shares shot up 1.5% during mid-day trading on Wednesday . The company traded as high as GBX 102.45 ($1.26) and last traded at GBX 101.50 ($1.25). 210,138 shares changed hands during trading, a decline of 34% from the average session volume of 318,926 shares. The stock had previously closed at GBX 100 ($1.23).

Wall Street Analysts Forecast Growth

Several brokerages have commented on LIT. Canaccord Genuity Group restated a "buy" rating and set a GBX 182 ($2.24) 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 ($2.24) target price on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Price Performance

The stock has a market capitalization of £102.55 million, a PE ratio of 1,666.67 and a beta of 0.31. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01. The stock's fifty day moving average is GBX 108.97 and its 200-day moving average is GBX 106.52.

Insider Transactions at Litigation Capital Management

In related news, insider Patrick Moloney sold 75,991 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 112 ($1.38), for a total value of £85,109.92 ($104,724.89). Corporate insiders own 19.51% of the company's stock.

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.