Manolete Partners (LON:MANO) Stock Price Up 0.3% – What’s Next?

Manolete Partners Plc (LON:MANO) shares shot up 0.3% on Friday . The stock traded as high as GBX 40 and last traded at GBX 38.60. 23,287 shares were traded during trading, a decline of 68% from the average session volume of 72,610 shares. The stock had previously closed at GBX 38.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on shares of Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating on the stock in a research report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 67.

Manolete Partners Price Performance

The stock has a market capitalization of £16.98 million, a P/E ratio of 15.69 and a beta of 0.59. The company has a debt-to-equity ratio of 30.06, a current ratio of 7.43 and a quick ratio of 6.25. The company’s 50-day simple moving average is GBX 40.48 and its 200-day simple moving average is GBX 45.67.

Manolete Partners (LON:MANO) last announced its quarterly earnings data on Thursday, June 25th. The company reported GBX 2.50 EPS for the quarter. The company had revenue of GBX 2,788 million during the quarter. Manolete Partners had a net margin of 3.92% and a return on equity of 2.62%. As a group, sell-side analysts expect that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

About Manolete Partners

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.