Litigation Capital Management (LON:LIT) Hits New 52-Week Low – Here’s Why

Shares of Litigation Capital Management Limited (LON:LIT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 66.96 ($0.85) and last traded at GBX 68.40 ($0.87), with a volume of 5097145 shares traded. The stock had previously closed at GBX 67.20 ($0.85).

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LIT shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.30) price target on shares of Litigation Capital Management in a report on Tuesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 182 ($2.30) target price on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Stock Up 1.8 %

The company has a 50-day moving average price of GBX 91.87 and a 200 day moving average price of GBX 101.70. The firm has a market capitalization of £154.99 million, a PE ratio of 11.73 and a beta of 0.31. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01.

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.