Litigation Capital Management (LON:LIT) Stock Price Up 14.8% - Should You Buy?

Litigation Capital Management Limited (LON:LIT - Get Free Report)'s share price traded up 14.8% during trading on Thursday . The stock traded as high as GBX 31 ($0.42) and last traded at GBX 31 ($0.42). 639,908 shares traded hands during trading, an increase of 102% from the average session volume of 317,204 shares. The stock had previously closed at GBX 27 ($0.37).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 182 ($2.49) target price on shares of Litigation Capital Management in a research report on Tuesday, March 18th.

Litigation Capital Management Stock Performance

The stock has a market capitalization of £70.24 million, a PE ratio of 5.32 and a beta of 0.31. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The firm's 50-day simple moving average is GBX 46.26 and its two-hundred day simple moving average is GBX 67.30.

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.

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