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

Shares of Manolete Partners Plc (LON:MANOGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 53 and last traded at GBX 55, with a volume of 95581 shares. The stock had previously closed at GBX 57.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price target on shares of 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 MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 130.

Get Our Latest Research Report on Manolete Partners

Manolete Partners Stock Performance

The company has a quick ratio of 6.25, a current ratio of 4.92 and a debt-to-equity ratio of 33.92. The firm has a 50-day moving average of GBX 62.02 and a 200 day moving average of GBX 79.58. The stock has a market capitalization of £22.78 million, a P/E ratio of 36.88 and a beta of 0.77.

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

Insiders Place Their Bets

In other news, insider Leigh of Hurley sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of GBX 71, for a total value of £46,150. Insiders own 11.70% of the company’s stock.

About Manolete Partners

(Get Free Report)

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.

Further Reading

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