Litigation Capital Management (LON:LIT) Trading Up 14.8% - Here's What Happened

Shares of Litigation Capital Management Limited (LON:LIT - Get Free Report) shot up 14.8% during mid-day trading on Thursday . The stock traded as high as GBX 31 ($0.43) and last traded at GBX 31 ($0.43). 639,908 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 317,204 shares. The stock had previously closed at GBX 27 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 182 ($2.50) price objective on shares of Litigation Capital Management in a report on Tuesday, March 18th.

Litigation Capital Management Trading Down 9.8%

The firm has a market capitalization of £63.38 million, a price-to-earnings ratio of 4.80 and a beta of 0.31. The company has a fifty day moving average price of GBX 45.56 and a two-hundred day moving average price of GBX 65.90. 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.