MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report)’s stock price traded down 11.7% on Tuesday . The company traded as low as $5.48 and last traded at $5.59. 256,684 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,230,903 shares. The stock had previously closed at $6.33.
MSP Recovery Trading Down 16.0 %
The stock’s 50 day moving average is $3.99 and its 200 day moving average is $3.77. The company has a current ratio of 0.54, a quick ratio of 0.29 and a debt-to-equity ratio of 0.39.
MSP Recovery (NASDAQ:LIFW – Get Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $68.00 by ($69.06). MSP Recovery had a negative net margin of 268.17% and a negative return on equity of 19.47%. The firm had revenue of $0.44 million for the quarter.
Insider Buying and Selling
Institutional Trading of MSP Recovery
Large investors have recently made changes to their positions in the stock. Palantir Technologies Inc. lifted its holdings in MSP Recovery by 317.5% in the 3rd quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company’s stock worth $1,989,000 after purchasing an additional 6,873,651 shares during the last quarter. Cantor Fitzgerald L. P. bought a new stake in shares of MSP Recovery during the 2nd quarter worth $319,000. Barnes Pettey Financial Advisors LLC acquired a new position in MSP Recovery in the 2nd quarter valued at $294,000. Marshall Wace LLP acquired a new position in MSP Recovery in the 2nd quarter valued at $208,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in MSP Recovery in the 2nd quarter worth $149,000. Institutional investors own 6.15% of the company’s stock.
About MSP Recovery
MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recoveries 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.
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