Litigation Capital Management (LON:LIT) Trading Up 37.2% - What's Next?

Key Points

• Litigation Capital Management shares surged by 37.2% on Friday, reaching a price of GBX 45.40 ($0.61), significantly up from a previous close of GBX 33.10 ($0.44).
• Trading volume increased to approximately 1,066,622 shares, which is 225% higher than the average daily volume.
• The company specializes in litigation financing solutions and operates through two business models: direct balance sheet and third-party fund management.

Litigation Capital Management Limited (LON:LIT - Get Free Report)'s stock price traded up 37.2% during mid-day trading on Friday . The company traded as high as GBX 45.40 ($0.61) and last traded at GBX 45.40 ($0.61). 1,066,622 shares were traded during trading, an increase of 225% from the average session volume of 328,492 shares. The stock had previously closed at GBX 33.10 ($0.45).

Litigation Capital Management Price Performance

The stock has a market cap of £87.24 million, a PE ratio of 6.60 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 stock has a 50 day moving average of GBX 30.58 and a two-hundred day moving average of GBX 47.19.

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.