Manolete Partners (LON:MANO) Stock Price Down 12.2% Following Analyst Downgrade

Manolete Partners Plc (LON:MANO)’s stock price was down 12.2% during mid-day trading on Wednesday after Canaccord Genuity Group lowered their price target on the stock from GBX 172 to GBX 130. Canaccord Genuity Group currently has a buy rating on the stock. Manolete Partners traded as low as GBX 79 and last traded at GBX 79. Approximately 289,790 shares were traded during trading, an increase of 287% from the average daily volume of 74,809 shares. The stock had previously closed at GBX 90.

Manolete Partners Trading Down 4.3%

The firm has a market capitalization of £29.35 million, a price-to-earnings ratio of 33.33 and a beta of 0.77. The company has a fifty day moving average price of GBX 88.83 and a 200-day moving average price of GBX 88.07. The company has a current ratio of 4.92, a quick ratio of 6.25 and a debt-to-equity ratio of 33.92.

Manolete Partners (LON:MANO) last issued its quarterly earnings results on Wednesday, November 19th. The company reported GBX (1.09) EPS for the quarter. Manolete Partners had a return on equity of 109.76% and a net margin of 180.12%. On average, equities research analysts predict that Manolete Partners Plc will post 4.2845258 EPS for the current year.

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.