Manolete Partners (LON:MANO) Posts Earnings Results

Manolete Partners (LON:MANO) announced its earnings results on Thursday. The company reported GBX 2.50 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 2,788 million during the quarter. Manolete Partners had a net margin of 2.23% and a return on equity of 1.54%.

Manolete Partners Trading Up 1.4%

LON:MANO traded up GBX 0.50 during trading hours on Thursday, reaching GBX 35.50. 308,258 shares of the company were exchanged, compared to its average volume of 78,006. The firm has a market cap of £15.55 million, a price-to-earnings ratio of 25.18 and a beta of 0.60. The stock has a 50 day simple moving average of GBX 40.64 and a 200 day simple moving average of GBX 51.53. Manolete Partners has a 52-week low of GBX 33 and a 52-week high of GBX 118. The company has a debt-to-equity ratio of 28.95, a current ratio of 3.98 and a quick ratio of 6.25.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their target price on Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating on the stock in a research report on Thursday. One research 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.

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.