Manolete Partners (LON:MANO) Hits New 12-Month Low – Here’s Why

Manolete Partners Plc (LON:MANO)’s stock price reached a new 52-week low on Tuesday. The company traded as low as GBX 30 and last traded at GBX 31.19, with a volume of 148,338 shares changing hands. The stock had previously closed at GBX 31.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 price target on shares of Manolete Partners in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 67.

Manolete Partners Stock Performance

The stock has a market capitalization of £13.20 million, a P/E ratio of 12.20 and a beta of 0.59. The company has a current ratio of 7.43, a quick ratio of 6.25 and a debt-to-equity ratio of 30.06. The company has a 50-day moving average price of GBX 37.38 and a two-hundred day moving average price of GBX 43.84.

Manolete Partners Company Profile

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.