Litigation Capital Management (LON:LIT) Reaches New 52-Week Low – Here’s What Happened

Litigation Capital Management Limited (LON:LIT) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 57.20 ($0.74) and last traded at GBX 57.20 ($0.74), with a volume of 382056 shares traded. The stock had previously closed at GBX 62 ($0.80).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 182 ($2.35) price target on shares of Litigation Capital Management in a report on Tuesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 182 ($2.35) price target on shares of Litigation Capital Management in a report on Tuesday, March 18th.

Litigation Capital Management Stock Down 2.9 %

The firm has a 50 day moving average of GBX 72.63 and a 200-day moving average of GBX 94.67. 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 has a market capitalization of £119.64 million, a P/E ratio of 9.05 and a beta of 0.31.

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.