Litigation Capital Management (LON:LIT) Hits New 12-Month Low - Here's Why

Litigation Capital Management Limited (LON:LIT - Get Free Report) shares hit a new 52-week low during trading 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. The stock had previously closed at GBX 32 ($0.43).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 182 ($2.46) price objective on shares of Litigation Capital Management in a research note on Tuesday, March 18th.

Litigation Capital Management Trading Down 6.0%

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 £59.66 million, a P/E ratio of 4.51 and a beta of 0.31. The firm has a 50 day simple moving average of GBX 47.02 and a two-hundred day simple moving average of GBX 68.18.

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.