Manolete Partners (LON:MANO) Hits New 1-Year Low – Should You Sell?

Shares of Manolete Partners Plc (LON:MANO) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 48 and last traded at GBX 49.97, with a volume of 121246 shares. The stock had previously closed at GBX 50.

Analysts Set New Price Targets

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

Manolete Partners Trading Down 0.1%

The business has a fifty day simple moving average of GBX 61.40 and a 200-day simple moving average of GBX 79.14. The firm has a market cap of £21.89 million, a price-to-earnings ratio of 35.44 and a beta of 0.77. The company has a debt-to-equity ratio of 33.92, a quick ratio of 6.25 and a current ratio of 4.92.

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

Insider Transactions at Manolete Partners

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

About Manolete Partners

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. The Company has invested in over 1,300 specialist UK insolvency cases and has recovered over £120m for Creditor Estates with an average case duration of just 12 months per case.