Litigation Capital Management (LON:LIT) Reaches New 1-Year Low – Time to Sell?

Litigation Capital Management Limited (LON:LITGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 57.20 ($0.74) and last traded at GBX 57.20 ($0.74), with a volume of 382056 shares changing hands. The stock had previously closed at GBX 62 ($0.80).

Analyst Ratings Changes

LIT has been the topic of several recent research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.35) price target on shares of Litigation Capital Management in a report on Tuesday, March 18th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.35) price target on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Get Our Latest Analysis on LIT

Litigation Capital Management Price Performance

The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54. The firm has a market capitalization of £129.61 million, a P/E ratio of 9.81 and a beta of 0.31. The company has a 50-day moving average price of GBX 74.31 and a 200-day moving average price of GBX 95.22.

Litigation Capital Management Company Profile

(Get Free Report)

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.

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