Litigation Capital Management (LON:LIT) Sets New 52-Week Low - Here's What Happened

Litigation Capital Management Limited (LON:LIT - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 24.70 ($0.34) and last traded at GBX 27 ($0.37), with a volume of 492667 shares changing hands. The stock had previously closed at GBX 26 ($0.35).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 182 ($2.48) price objective on shares of Litigation Capital Management in a report on Tuesday, March 18th.

Litigation Capital Management Stock Up 3.8%

The firm has a fifty day simple moving average of GBX 43.90 and a 200 day simple moving average of GBX 64.32. 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 company has a market cap of £61.18 million, a PE ratio of 4.63 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.