Litigation Capital Management (LON:LIT) Reaches New 52-Week Low at $84.50

Litigation Capital Management Limited (LON:LIT)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 84.50 ($1.12) and last traded at GBX 94 ($1.24), with a volume of 792413 shares traded. The stock had previously closed at GBX 99.10 ($1.31).

Litigation Capital Management Stock Down 5.1 %

The company has a current ratio of 36.19, a quick ratio of 3.01 and a debt-to-equity ratio of 32.25. The firm’s 50 day simple moving average is GBX 103.84 and its 200-day simple moving average is GBX 107.13. The stock has a market capitalization of £108.66 million, a price-to-earnings ratio of 492.11 and a beta of 0.31.

Litigation Capital Management Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, October 31st will be given a GBX 1.25 ($0.02) dividend. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, October 31st. Litigation Capital Management’s dividend payout ratio (DPR) is presently 1,052.63%.

Litigation Capital Management Company Profile

Litigation Capital Management Limited provides dispute finance and risk management services in Australia and the United Kingdom. The company operates in two business models, including direct investments made from LCM's permanent balance sheet capital; and fund and/or asset management. Its products and services include dispute finance for companies, international arbitration, and law firms; disbursement funding; enforcement funding/purchase of award; and adverse cost and security for costs.