Litigation Capital Management (LON:LIT) Reaches New 1-Year Low – Here’s Why

Litigation Capital Management Limited (LON:LIT)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 78.80 ($0.98) and last traded at GBX 82 ($1.02), with a volume of 1663880 shares. The stock had previously closed at GBX 81 ($1.01).

Analyst Upgrades and Downgrades

LIT has been the topic of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 182 ($2.26) price objective on shares of Litigation Capital Management in a report on Tuesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.26) target price on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Stock Up 1.2 %

The business’s 50 day moving average is GBX 102.81 and its 200-day moving average is GBX 104.92. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01. The company has a market cap of £84.09 million, a PE ratio of 1,366.67 and a beta of 0.31.

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.