Manolete Partners (LON:MANO) Hits New 52-Week Low – What’s Next?

Manolete Partners Plc (LON:MANO) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 48 and last traded at GBX 49.97, with a volume of 121246 shares changing hands. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price objective on Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating for the company in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 130.

Manolete Partners Trading Down 0.1%

The company has a debt-to-equity ratio of 33.92, a current ratio of 4.92 and a quick ratio of 6.25. The company has a market capitalization of £21.89 million, a price-to-earnings ratio of 35.44 and a beta of 0.77. The business’s 50-day moving average price is GBX 61.40 and its two-hundred day moving average price is GBX 79.14.

Manolete Partners (LON:MANO) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX (1.09) EPS for the quarter. Manolete Partners had a return on equity of 109.76% and a net margin of 180.12%. Research analysts predict that Manolete Partners Plc will post 4.2845258 earnings per share for the current year.

Insiders Place Their Bets

In other Manolete Partners news, insider Leigh of Hurley sold 65,000 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of GBX 71, for a total transaction of £46,150. 11.70% of the stock is owned by corporate insiders.

Manolete Partners Company Profile

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.