Manolete Partners (LON:MANO) Stock Price Down 0.2% – Time to Sell?

Manolete Partners Plc (LON:MANOGet Free Report) fell 0.2% on Thursday . The company traded as low as GBX 40 and last traded at GBX 41.90. 54,580 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 77,599 shares. The stock had previously closed at GBX 42.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price target on Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating for the company in a research report on Thursday, June 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 67.

Check Out Our Latest Stock Report on MANO

Manolete Partners Stock Down 6.0%

The stock’s fifty day moving average price is GBX 40.37 and its 200 day moving average price is GBX 47.24. The company has a current ratio of 7.43, a quick ratio of 6.25 and a debt-to-equity ratio of 30.06. The stock has a market cap of £17.37 million, a P/E ratio of 16.06 and a beta of 0.59.

Manolete Partners (LON:MANOGet Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX 2.50 earnings per share (EPS) for the quarter. Manolete Partners had a net margin of 3.92% and a return on equity of 2.62%. The company had revenue of GBX 2,788 million during the quarter. As a group, research analysts forecast that Manolete Partners Plc will post 4.2845258 earnings per share for the current fiscal year.

Manolete Partners Company Profile

(Get Free Report)

Manolete Partners Plc is the UK’s leading insolvency claims financing company. Serving a growing market worth over £500 million annually, the Company has a highly experienced team with coverage across the UK and a proven track record of generating strong historic returns across over 1,300 cases financed and completed to date.

Widely recognised as the industry leader, Manolete is the only company in the insolvency litigation funding section to be ranked in Band 1 of the legal industry’s prestigious Chambers Guide five times.

Further Reading

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