Litigation Capital Management (LON:LIT) Sets New 1-Year Low – Here’s What Happened

Shares of Litigation Capital Management Limited (LON:LIT) hit a new 52-week low on Monday . The stock traded as low as GBX 45.40 ($0.60) and last traded at GBX 46.20 ($0.61), with a volume of 102975 shares changing hands. The stock had previously closed at GBX 47.50 ($0.63).

Analysts Set New Price Targets

A number of brokerages recently issued reports on LIT. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 182 ($2.41) price objective on shares of Litigation Capital Management in a report on Tuesday, March 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 182 ($2.41) price target on shares of Litigation Capital Management in a report on Tuesday, December 17th.

Litigation Capital Management Trading Down 1.3 %

The company has a 50 day moving average price of GBX 63.43 and a 200 day moving average price of GBX 90.36. The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54. The firm has a market cap of £103.33 million, a price-to-earnings ratio of 7.82 and a beta of 0.31.

About Litigation Capital Management

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.