Manolete Partners (LON:MANO) Shares Down 3.6% – Here’s What Happened

Manolete Partners Plc (LON:MANO)’s share price traded down 3.6% during mid-day trading on Wednesday. The company traded as low as GBX 40 and last traded at GBX 40. Approximately 35,352 shares changed hands during trading, a decline of 52% from the average daily volume of 73,061 shares. The stock had previously closed at GBX 41.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 67 target price on shares of Manolete Partners in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 67.

Manolete Partners Stock Performance

The company has a 50-day simple moving average of GBX 39.54 and a two-hundred day simple moving average of GBX 42.86. The company has a debt-to-equity ratio of 30.06, a quick ratio of 6.25 and a current ratio of 7.43. The firm has a market capitalization of £17.59 million, a P/E ratio of 16.26 and a beta of 0.59.

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.