Manolete Partners (LON:MANO) Shares Up 4.8% – What’s Next?

Manolete Partners Plc (LON:MANO) shares shot up 4.8% during trading on Thursday . The stock traded as high as GBX 44 and last traded at GBX 44. 2,485 shares were traded during mid-day trading, a decline of 97% from the average session volume of 84,117 shares. The stock had previously closed at GBX 42.

Wall Street Analyst Weigh In

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

Manolete Partners Price Performance

The stock has a market capitalization of £19.28 million, a PE ratio of 17.89 and a beta of 0.59. The company has a quick ratio of 6.25, a current ratio of 7.43 and a debt-to-equity ratio of 30.06. The stock’s 50 day moving average price is GBX 39.01 and its 200-day moving average price is GBX 48.90.

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

About Manolete Partners

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.