Litigation Capital Management (LON:LIT) Shares Up 13.9% – Time to Buy?

Litigation Capital Management Limited (LON:LITGet Free Report)’s share price shot up 13.9% on Thursday . The company traded as high as GBX 10.93 and last traded at GBX 10.93. 108,409 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 676,135 shares. The stock had previously closed at GBX 9.60.

Litigation Capital Management Stock Up 12.5%

The firm’s 50-day simple moving average is GBX 15.48 and its 200-day simple moving average is GBX 29.89. The company has a debt-to-equity ratio of 32.77, a quick ratio of 3.01 and a current ratio of 17.54. The company has a market capitalization of £11.09 million, a price-to-earnings ratio of -0.15 and a beta of 0.31.

About Litigation Capital Management

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Litigation Capital Management (“LCM”) is an alternative asset manager specialising in litigation financing solutions internationally. Through our two business models, direct balance sheet and third party fund management, we create value through our three primary investment strategies – single-cases; case portfolios; and acquisition of insolvency claims.

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