Litigation Capital Management (LON:LIT) Hits New 12-Month Low – Here’s Why

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 changing hands. The stock had previously closed at GBX 62 ($0.80).

Analyst Ratings Changes

A number of research firms recently commented on LIT. Canaccord Genuity Group restated a “buy” rating and issued a GBX 182 ($2.35) price objective on shares of Litigation Capital Management in a report on Tuesday, March 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 182 ($2.35) price target on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Stock Down 2.9 %

The company has a market cap of £119.64 million, a price-to-earnings ratio of 9.05 and a beta of 0.31. The business has a 50-day simple moving average of GBX 72.63 and a two-hundred day simple moving average of GBX 94.67. The company has a quick ratio of 3.01, a current ratio of 17.54 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.