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

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

Wall Street Analyst Weigh In

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

Litigation Capital Management Stock Performance

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 cap of £82.25 million, a PE ratio of 1,336.67 and a beta of 0.31. The business has a 50 day moving average price of GBX 102.81 and a two-hundred day moving average price of GBX 104.92.

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.