Litigation Capital Management (LON:LIT) Trading Down 10.9% – Here’s What Happened

Litigation Capital Management Limited (LON:LIT)’s stock price fell 10.9% during trading on Wednesday . The company traded as low as GBX 82 ($1.02) and last traded at GBX 82 ($1.02). 701,979 shares changed hands during mid-day trading, an increase of 115% from the average session volume of 326,569 shares. The stock had previously closed at GBX 92 ($1.14).

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.26) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.26) price objective on shares of Litigation Capital Management in a research report on Tuesday, December 17th.

Litigation Capital Management Price Performance

The company has a market cap of £86.96 million, a P/E ratio of 1,413.33 and a beta of 0.31. 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’s fifty day moving average is GBX 104.13 and its two-hundred day moving average is GBX 105.34.

Litigation Capital Management Company Profile

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.