MSP Recovery (NASDAQ:MSPR) Issues Quarterly Earnings Results

MSP Recovery (NASDAQ:MSPR) issued its quarterly earnings results on Wednesday. The company reported ($132.71) earnings per share for the quarter, Zacks reports. MSP Recovery had a negative return on equity of 326.80% and a negative net margin of 4,375.62%.

MSP Recovery Stock Down 8.2%

MSPR stock traded down $0.04 during trading on Wednesday, reaching $0.45. The company’s stock had a trading volume of 1,628,025 shares, compared to its average volume of 8,158,370. The company’s fifty day moving average is $0.98 and its 200-day moving average is $5.47. The company has a market capitalization of $634,500.00, a P/E ratio of 0.00 and a beta of -2.58. MSP Recovery has a 1 year low of $0.20 and a 1 year high of $28.84.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of MSP Recovery in a research report on Wednesday, October 8th. Wall Street Zen downgraded MSP Recovery to a “strong sell” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of MSP Recovery

A hedge fund recently bought a new stake in MSP Recovery stock. Corient Private Wealth LLC purchased a new position in MSP Recovery, Inc. (NASDAQ:MSPR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 97,924 shares of the company’s stock, valued at approximately $136,000. Corient Private Wealth LLC owned approximately 1.19% of MSP Recovery at the end of the most recent quarter. Hedge funds and other institutional investors own 3.77% of the company’s stock.

MSP Recovery Company Profile

MSP Recovery, Inc engages in the development of healthcare recoveries and data analytics software. It also focuses on the identification and recoveries of improper payments made by Medicare, Medicaid, and commercial insurance spaces using data and analytics. The company was founded by John H. Ruiz, Frank C.