Manolete Partners (LON:MANO) Hits New 52-Week Low – Time to Sell?

Manolete Partners Plc (LON:MANO)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 63 and last traded at GBX 67, with a volume of 45608 shares changing hands. The stock had previously closed at GBX 65.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price target on Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating for the company in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 130.

Manolete Partners Trading Up 3.1%

The stock has a fifty day simple moving average of GBX 85.80 and a 200 day simple moving average of GBX 87.35. The company has a debt-to-equity ratio of 33.92, a quick ratio of 6.25 and a current ratio of 4.92. The firm has a market cap of £29.35 million, a P/E ratio of 33.33 and a beta of 0.77.

Manolete Partners (LON:MANO) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX (1.09) earnings per share (EPS) for the quarter. Manolete Partners had a net margin of 180.12% and a return on equity of 109.76%. On average, research analysts expect that Manolete Partners Plc will post 4.2845258 earnings per share for the current fiscal year.

Insider Activity at Manolete Partners

In other news, insider Leigh of Hurley sold 65,000 shares of Manolete Partners stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of GBX 71, for a total value of £46,150. 11.70% of the stock is owned by corporate insiders.

Manolete Partners Company Profile

Manolete Partners Plc is the UK’s leading insolvency litigation financing company which was founded in 2009 by its Chief Executive, Steven Cooklin, a UK Chartered Accountant.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent companies.