Litigation Capital Management (LON:LIT) Shares Down 10.9% – What’s Next?

Litigation Capital Management Limited (LON:LIT)’s stock price traded down 10.9% during trading on Wednesday . The stock traded as low as GBX 82 ($1.02) and last traded at GBX 82 ($1.02). 701,979 shares were traded during mid-day trading, an increase of 115% from the average session volume of 326,569 shares. The stock had previously closed at GBX 92 ($1.14).

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LIT shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 182 ($2.26) price target on shares of Litigation Capital Management in a research report on Tuesday, December 17th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 182 ($2.26) target price on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Trading Down 1.0 %

The stock’s fifty day moving average price is GBX 102.81 and its 200 day moving average price is GBX 104.92. The stock has a market cap of £82.25 million, a P/E ratio of 1,336.67 and a beta of 0.31. The company has a current ratio of 17.54, a quick ratio of 3.01 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.