Litigation Capital Management (LON:LIT) Stock Price Down 10.3% – Here’s Why

Shares of Litigation Capital Management Limited (LON:LIT) fell 10.3% on Friday . The company traded as low as GBX 66.38 ($0.84) and last traded at GBX 69.80 ($0.88). 2,951,593 shares traded hands during trading, an increase of 620% from the average session volume of 409,801 shares. The stock had previously closed at GBX 77.80 ($0.99).

Analyst Ratings Changes

LIT has been the subject of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 182 ($2.31) price objective on shares of Litigation Capital Management in a research note on Tuesday, December 17th. Canaccord Genuity Group restated a “buy” rating and set a GBX 182 ($2.31) price target on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Price Performance

The firm has a market cap of £151.55 million, a price-to-earnings ratio of 11.47 and a beta of 0.31. The business has a 50 day simple moving average of GBX 92.62 and a 200-day simple moving average of GBX 101.97. The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54.

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.