Litigation Capital Management (LON:LIT) Shares Down 2.2% - Here's What Happened

Litigation Capital Management Limited (LON:LIT - Get Free Report) fell 2.2% on Wednesday . The stock traded as low as GBX 25.60 ($0.35) and last traded at GBX 26.40 ($0.36). 144,066 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 325,651 shares. The stock had previously closed at GBX 27 ($0.37).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 182 ($2.47) price target on shares of Litigation Capital Management in a research report on Tuesday, March 18th.

Litigation Capital Management Stock Down 2.2%

The company has a market cap of £59.82 million, a P/E ratio of 4.53 and a beta of 0.31. The company has a 50 day moving average of GBX 42 and a 200-day moving average of GBX 62.04. The company has a debt-to-equity ratio of 32.77, a current ratio of 17.54 and a quick ratio of 3.01.

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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