Litigation Capital Management (LON:LIT) Reaches New 52-Week Low - Time to Sell?

Shares of Litigation Capital Management Limited (LON:LIT - Get Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 28 ($0.38) and last traded at GBX 28 ($0.38), with a volume of 1491011 shares traded. The stock had previously closed at GBX 32 ($0.43).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 182 ($2.45) price objective on shares of Litigation Capital Management in a research report on Tuesday, March 18th.

Litigation Capital Management Stock Down 12.5%

The company has a quick ratio of 3.01, a current ratio of 17.54 and a debt-to-equity ratio of 32.77. The company has a market capitalization of £63.45 million, a P/E ratio of 4.80 and a beta of 0.31. The company has a 50-day moving average of GBX 47.42 and a two-hundred day moving average of GBX 69.42.

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.