Manolete Partners (LON:MANO) Stock Price Up 4.2% – Here’s Why

Manolete Partners Plc (LON:MANO)’s stock price was up 4.2% during mid-day trading on Friday . The company traded as high as GBX 59.90 and last traded at GBX 59.90. Approximately 9,515 shares traded hands during trading, a decline of 87% from the average daily volume of 75,279 shares. The stock had previously closed at GBX 57.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their target price on Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating on the stock in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Manolete Partners has a consensus rating of “Buy” and an average price target of GBX 130.

Manolete Partners Price Performance

The firm’s fifty day simple moving average is GBX 55.54 and its 200-day simple moving average is GBX 73.53. The firm has a market capitalization of £26.24 million, a PE ratio of 42.48 and a beta of 0.76. The company has a quick ratio of 6.25, a current ratio of 3.98 and a debt-to-equity ratio of 28.95.

Manolete Partners Company Profile

Manolete Partners Plc is the UK’s leading insolvency litigation financing company which was founded in 2009 by its Chief Executive, Steven Cooklin, a UK Chartered Accountant.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent companies. The Company has invested in over 1,300 specialist UK insolvency cases and has recovered over £120m for Creditor Estates with an average case duration of just 12 months per case.