Manolete Partners (LON:MANO) Sets New 1-Year Low – Should You Sell?

Shares of Manolete Partners Plc (LON:MANO) hit a new 52-week low during trading on Monday . The company traded as low as GBX 60 and last traded at GBX 61, with a volume of 23723 shares trading hands. The stock had previously closed at GBX 63.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price objective on Manolete Partners from GBX 172 to GBX 130 and set a “buy” rating for the company in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 130.

Manolete Partners Stock Down 3.9%

The stock’s 50-day moving average price is GBX 78.82 and its 200-day moving average price is GBX 85.41. The company has a current ratio of 4.92, a quick ratio of 6.25 and a debt-to-equity ratio of 33.92. The stock has a market cap of £26.72 million, a price-to-earnings ratio of 43.26 and a beta of 0.77.

Manolete Partners (LON:MANO) last posted its quarterly earnings data on Wednesday, November 19th. The company reported GBX (1.09) earnings per share for the quarter. Manolete Partners had a return on equity of 109.76% and a net margin of 180.12%. On average, sell-side analysts expect that Manolete Partners Plc will post 4.2845258 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Leigh of Hurley sold 65,000 shares of Manolete Partners stock in a transaction dated 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

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.