Litigation Capital Management (LON:LIT) Shares Down 0.8% - Here's Why

Litigation Capital Management Limited (LON:LIT - Get Free Report)'s stock price traded down 0.8% during trading on Wednesday . The company 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).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 182 ($2.44) target price on shares of Litigation Capital Management in a research report on Tuesday, March 18th.

Litigation Capital Management Stock Performance

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 50 day moving average is GBX 48.13 and its 200-day moving average is GBX 70.30. The stock has a market capitalization of £102.28 million, a price-to-earnings ratio of 7.74 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.

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