Litigation Capital Management (LON:LIT) Stock Price Up 2.5% - What's Next?

Shares of Litigation Capital Management Limited (LON:LIT - Get Free Report) were up 2.5% during mid-day trading on Tuesday . The stock traded as high as GBX 47.85 ($0.65) and last traded at GBX 47.85 ($0.65). Approximately 786,465 shares were traded during mid-day 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 Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 182 ($2.46) price target on shares of Litigation Capital Management in a report on Tuesday, March 18th.

Litigation Capital Management Trading Down 1.6%

The company has a market capitalization of £104.00 million, a PE ratio of 7.87 and a beta of 0.31. The company has a fifty day simple moving average of GBX 50.47 and a 200-day simple moving average of GBX 77.39. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77.

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.