Litigation Capital Management (LON:LIT) Shares Down 0.8% - What's Next?

Shares of Litigation Capital Management Limited (LON:LIT - Get Free Report) fell 0.8% during trading on Wednesday . The stock traded as low as GBX 44.40 ($0.60) and last traded at GBX 45.14 ($0.61). 391,104 shares traded hands during trading, an increase of 37% from the average session volume of 284,497 shares. The stock had previously closed at GBX 45.50 ($0.61).

Wall Street Analyst Weigh In

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

Litigation Capital Management Trading Down 12.5%

The stock has a market cap of £63.45 million, a PE ratio of 4.80 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 company's 50-day moving average price is GBX 47.42 and its 200 day moving average price is GBX 69.08.

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.