Litigation Capital Management (LON:LIT) Shares Up 2.5% - Still a Buy?

Litigation Capital Management Limited (LON:LIT - Get Free Report)'s share price was up 2.5% during mid-day trading on Tuesday . The stock traded as high as GBX 47.85 ($0.64) and last traded at GBX 47.85 ($0.64). Approximately 786,465 shares were traded during trading, an increase of 149% from the average daily volume of 315,519 shares. The stock had previously closed at GBX 46.70 ($0.63).

Analyst Ratings Changes

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 note on Tuesday, March 18th.

Litigation Capital Management Price Performance

The company has a market capitalization of £97.89 million, a price-to-earnings ratio of 7.41 and a beta of 0.31. The company's 50 day simple moving average is GBX 50.05 and its 200-day simple moving average is GBX 76.34. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77.

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.