Manolete Partners (LON:MANO) Issues Quarterly Earnings Results

Manolete Partners (LON:MANO) issued its quarterly earnings results on Thursday. The company reported GBX 2.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 2,788 million for the quarter. Manolete Partners had a return on equity of 1.54% and a net margin of 2.23%.

Manolete Partners Price Performance

Shares of LON:MANO remained flat at GBX 35 during midday trading on Thursday. The company had a trading volume of 262,258 shares, compared to its average volume of 77,622. The business’s 50 day moving average price is GBX 40.64 and its two-hundred day moving average price is GBX 51.53. The company has a market capitalization of £15.33 million, a price-to-earnings ratio of 24.82 and a beta of 0.60. Manolete Partners has a 12 month low of GBX 33 and a 12 month high of GBX 118. The company has a quick ratio of 6.25, a current ratio of 3.98 and a debt-to-equity ratio of 28.95.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price objective on shares of Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 67.

About Manolete Partners

Manolete Partners Plc is the UK’s leading insolvency claims financing company. Serving a growing market worth over £500 million annually, the Company has a highly experienced team with coverage across the UK and a proven track record of generating strong historic returns across over 1,300 cases financed and completed to date.

Widely recognised as the industry leader, Manolete is the only company in the insolvency litigation funding section to be ranked in Band 1 of the legal industry’s prestigious Chambers Guide five times.