Manolete Partners (LON:MANO) Hits New 12-Month Low – Should You Sell?

Manolete Partners Plc (LON:MANO)’s share price hit a new 52-week low on Wednesday. The stock traded as low as GBX 32 and last traded at GBX 33.60, with a volume of 107,701 shares trading hands. The stock had previously closed at GBX 35.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 target price on shares of Manolete Partners in a report on Wednesday, October 7th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, Manolete Partners currently has an average rating of “Buy” and an average price target of GBX 67.

Manolete Partners Stock Performance

The stock’s 50-day moving average price is GBX 38.18 and its 200-day moving average price is GBX 44.67. 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 company has a market capitalization of £14.78 million, a P/E ratio of 13.66 and a beta of 0.59.

Manolete Partners Company Profile

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.