Manolete Partners (LON:MANO) Reaches New 52-Week Low – Here’s Why

Manolete Partners Plc (LON:MANOGet Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 55 and last traded at GBX 56, with a volume of 247334 shares traded. The stock had previously closed at GBX 56.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating for the company in a research report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 130.

Read Our Latest Research Report on MANO

Manolete Partners Price Performance

The company has a current ratio of 4.92, a quick ratio of 6.25 and a debt-to-equity ratio of 33.92. The firm has a market capitalization of £24.53 million, a P/E ratio of 39.72 and a beta of 0.77. The business’s fifty day moving average is GBX 75 and its 200 day moving average is GBX 84.34.

Manolete Partners (LON:MANOGet Free Report) last issued its earnings results on Wednesday, November 19th. The company reported GBX (1.09) earnings per share (EPS) for the quarter. Manolete Partners had a return on equity of 109.76% and a net margin of 180.12%. As a group, analysts forecast that Manolete Partners Plc will post 4.2845258 EPS for the current year.

Insider Activity

In related news, insider Leigh of Hurley sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of GBX 71, for a total value of £46,150. 11.70% of the stock is owned by corporate insiders.

About Manolete Partners

(Get Free Report)

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.

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