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

Manolete Partners Plc (LON:MANO) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 54.17 and last traded at GBX 56, with a volume of 149922 shares trading hands. The stock had previously closed at GBX 56.50.

Analyst Upgrades and Downgrades

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

Manolete Partners Stock Down 0.9%

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 firm’s 50 day simple moving average is GBX 71.93 and its 200-day simple moving average is GBX 83.25. The company has a market capitalization of £24.53 million, a price-to-earnings ratio of 39.72 and a beta of 0.77.

Manolete Partners (LON:MANO) last released its quarterly earnings data on Wednesday, November 19th. The company reported GBX (1.09) EPS 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 anticipate that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

Insider Activity

In other news, insider Leigh of Hurley sold 65,000 shares of the 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. 11.70% of the stock is owned by insiders.

Manolete Partners Company Profile

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.