Litigation Capital Management (LON:LIT) Trading Down 10.9% - Time to Sell?

Litigation Capital Management Limited (LON:LIT - Get Free Report)'s share price traded down 10.9% during trading on Wednesday . The company traded as low as GBX 82 ($1.02) and last traded at GBX 82 ($1.02). 701,979 shares were traded during trading, an increase of 115% from the average session volume of 326,569 shares. The stock had previously closed at GBX 92 ($1.15).

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 182 ($2.27) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 182 ($2.27) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Stock Down 10.2 %

The firm's 50-day moving average price is GBX 103.49 and its 200 day moving average price is GBX 105.14. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The company has a market capitalization of £84.71 million, a price-to-earnings ratio of 1,376.67 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.