Manolete Partners (LON:MANO) Sets New 1-Year Low – Should You Sell?

Manolete Partners Plc (LON:MANO) shares hit a new 52-week low on Monday . The stock traded as low as GBX 60 and last traded at GBX 61, with a volume of 23723 shares trading hands. The stock had previously closed at GBX 63.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on shares of Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Manolete Partners currently has a consensus rating of “Buy” and a consensus price target of GBX 130.

Manolete Partners Stock Down 3.9%

The stock has a 50-day moving average of GBX 78.82 and a 200-day moving average of GBX 85.41. The company has a debt-to-equity ratio of 33.92, a current ratio of 4.92 and a quick ratio of 6.25. The firm has a market cap of £26.72 million, a price-to-earnings ratio of 43.26 and a beta of 0.77.

Manolete Partners (LON:MANO) last released its earnings results on Wednesday, November 19th. The company reported GBX (1.09) earnings per share for the quarter. Manolete Partners had a net margin of 180.12% and a return on equity of 109.76%. Sell-side analysts predict that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

Insider Activity at Manolete Partners

In related news, insider Leigh of Hurley sold 65,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of GBX 71, for a total value of £46,150. Company insiders own 11.70% of the company’s stock.

About Manolete Partners

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.