Manolete Partners (LON:MANO) Reaches New 1-Year Low – What’s Next?

Manolete Partners Plc (LON:MANO) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 60 and last traded at GBX 62, with a volume of 130512 shares changing hands. The stock had previously closed at GBX 68.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price objective 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 130.

Manolete Partners Stock Performance

The stock’s 50-day moving average is GBX 80.83 and its 200 day moving average is GBX 86.01. The stock has a market cap of £27.16 million, a price-to-earnings ratio of 43.97 and a beta of 0.77. The company has a debt-to-equity ratio of 33.92, a current ratio of 4.92 and a quick ratio of 6.25.

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

Insider Transactions at Manolete Partners

In other Manolete Partners news, insider Leigh of Hurley sold 65,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of GBX 71, for a total value of £46,150. Insiders own 11.70% of the company’s stock.

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.