MSP Recovery (NASDAQ:LIFW) Trading Down 6.5% – Should You Sell?

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) were down 6.5% during mid-day trading on Wednesday . The company traded as low as $0.14 and last traded at $0.14. Approximately 9,156,419 shares changed hands during trading, an increase of 541% from the average daily volume of 1,427,979 shares. The stock had previously closed at $0.15.

MSP Recovery Price Performance

The business has a fifty day moving average price of $0.15 and a 200 day moving average price of $0.24. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $19.87 million, a price-to-earnings ratio of -0.02 and a beta of -2.36.

MSP Recovery (NASDAQ:LIFW) last released its earnings results on Wednesday, August 14th. The company reported ($1.49) EPS for the quarter. The company had revenue of $0.34 million for the quarter. MSP Recovery had a negative net margin of 1,162.14% and a negative return on equity of 5.50%.

Insiders Place Their Bets

In other news, CEO John Hasan Ruiz acquired 360,620 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $0.28 per share, with a total value of $100,973.60. Following the purchase, the chief executive officer now owns 1,741,406 shares of the company’s stock, valued at approximately $487,593.68. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.40% of the stock is currently owned by insiders.

About MSP Recovery

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.