Manolete Partners (LON:MANO) Shares Up 7.1% – Should You Buy?

Manolete Partners Plc (LON:MANO – Get Free Report) traded up 7.1% during trading on Thursday . The company traded as high as GBX 38 and last traded at GBX 37.50. Approximately 1,478,018 shares traded hands during trading, an increase of 1,584% from the average session volume of 87,754 shares. The stock had previously closed at GBX 35.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Manolete Partners presently has a consensus rating of “Buy” and an average price target of GBX 67.

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Manolete Partners Price Performance

The firm has a market capitalization of £16.43 million, a P/E ratio of 26.60 and a beta of 0.60. The company has a current ratio of 3.98, a quick ratio of 6.25 and a debt-to-equity ratio of 28.95. The firm has a 50 day moving average price of GBX 40.64 and a 200-day moving average price of GBX 51.53.

Manolete Partners (LON:MANO – Get Free Report) last released its earnings results on Thursday, June 25th. The company reported GBX 2.50 EPS for the quarter. Manolete Partners had a return on equity of 1.54% and a net margin of 2.23%.The firm had revenue of GBX 2,788 million for the quarter. On average, analysts expect that Manolete Partners Plc will post 4.2845258 earnings per share for the current year.

Manolete Partners Company Profile

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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.

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