Litigation Capital Management (LON:LIT) Stock Price Down 1.2% - Here's What Happened

Shares of Litigation Capital Management Limited (LON:LIT - Get Free Report) fell 1.2% on Monday . The stock traded as low as GBX 46 ($0.61) and last traded at GBX 46.90 ($0.62). 146,369 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 326,236 shares. The stock had previously closed at GBX 47.45 ($0.63).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 182 ($2.42) price objective on shares of Litigation Capital Management in a research report on Tuesday, March 18th.

Litigation Capital Management Stock Performance

The business has a fifty day simple moving average of GBX 55.99 and a two-hundred day simple moving average of GBX 85.09. The company has a market cap of £106.27 million, a P/E ratio of 8.04 and a beta of 0.31. The company has a quick ratio of 3.01, a current ratio of 17.54 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.

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