Manolete Partners (LON:MANO) Stock Price Up 0.3% – Here’s Why

Manolete Partners Plc (LON:MANO – Get Free Report)’s share price rose 0.3% on Friday . The stock traded as high as GBX 40 and last traded at GBX 38.60. 23,287 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 72,610 shares. The stock had previously closed at GBX 38.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on shares of Manolete Partners from GBX 130 to GBX 67 and set a “buy” rating on the stock in a research report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Manolete Partners has an average rating of “Buy” and a consensus price target of GBX 67.

Get Manolete Partners alerts:

Read Our Latest Stock Report on MANO

Manolete Partners Trading Up 0.3%

The business has a 50-day moving average price of GBX 40.48 and a two-hundred day moving average price of GBX 45.67. The stock has a market capitalization of £16.98 million, a P/E ratio of 15.69 and a beta of 0.59. The company has a current ratio of 7.43, a quick ratio of 6.25 and a debt-to-equity ratio of 30.06.

Manolete Partners (LON:MANO – Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported GBX 2.50 EPS for the quarter. The business had revenue of GBX 2,788 million during the quarter. Manolete Partners had a return on equity of 2.62% and a net margin of 3.92%. On average, analysts expect that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

Manolete Partners Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Manolete Partners
• 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
• IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
• Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
• Okta Stock Surges 29%—Is $200 the Next Stop?

Receive News & Ratings for Manolete Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manolete Partners and related companies with MarketBeat.com's FREE daily email newsletter.