Manolete Partners (LON:MANO) Sets New 12-Month Low – What’s Next?

Manolete Partners Plc (LON:MANO)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 54.17 and last traded at GBX 56, with a volume of 149922 shares traded. The stock had previously closed at GBX 56.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Manolete Partners currently has a consensus rating of “Buy” and a consensus price target of GBX 130.

Manolete Partners Stock Performance

The firm has a market cap of £25.41 million, a PE ratio of 41.13 and a beta of 0.77. The stock has a 50-day moving average price of GBX 70.05 and a 200 day moving average price of GBX 82.67. 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 issued 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 return on equity of 109.76% and a net margin of 180.12%. Research analysts forecast that Manolete Partners Plc will post 4.2845258 earnings per share for the current year.

Insider Transactions at Manolete Partners

In related news, insider Leigh of Hurley sold 65,000 shares of the business’s 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. 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.