Litigation Capital Management (LON:LIT) Sets New 52-Week Low – What’s Next?

Litigation Capital Management Limited (LON:LIT)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 62 ($0.80) and last traded at GBX 62 ($0.80), with a volume of 666751 shares trading hands. The stock had previously closed at GBX 63 ($0.81).

Analyst Upgrades and Downgrades

LIT has been the subject of a number of research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 182 ($2.35) price target on shares of Litigation Capital Management in a research report on Tuesday, December 17th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.35) target price on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Trading Up 1.6 %

The company has a market capitalization of £147.29 million, a PE ratio of 11.15 and a beta of 0.31. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The business’s 50-day simple moving average is GBX 81.43 and its two-hundred day simple moving average is GBX 97.77.

Litigation Capital Management Company Profile

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.