MSP Recovery (NASDAQ:LIFW) Shares Scheduled to Reverse Split on Monday, November 18th

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) are set to reverse split on the morning of Monday, November 18th. The 1-25 reverse split was announced on Tuesday, November 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 15th.

MSP Recovery Trading Down 20.9 %

Shares of NASDAQ:LIFW opened at $0.07 on Friday. The stock has a market capitalization of $10.61 million, a price-to-earnings ratio of -0.01 and a beta of -2.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.14 and a current ratio of 0.14. The stock’s 50-day simple moving average is $0.12 and its two-hundred day simple moving average is $0.17. MSP Recovery has a 52-week low of $0.06 and a 52-week high of $7.65.

MSP Recovery (NASDAQ:LIFW) last announced its earnings results on Wednesday, August 14th. The company reported ($1.49) earnings per share (EPS) for the quarter. The firm had revenue of $0.34 million during the quarter. MSP Recovery had a negative return on equity of 5.50% and a negative net margin of 1,162.14%.

Insider Activity

In other MSP Recovery news, CEO John Hasan Ruiz bought 360,620 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $0.28 per share, with a total value of $100,973.60. Following the purchase, the chief executive officer now owns 1,741,406 shares of the company’s stock, valued at $487,593.68. This trade represents a 26.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 86.52% of the company’s stock.

MSP Recovery Company Profile

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.