Manolete Partners (LON:MANO) Trading 4.2% Higher – Time to Buy?

Manolete Partners Plc (LON:MANOGet Free Report) shares shot up 4.2% during mid-day trading on Friday . The company traded as high as GBX 59.90 and last traded at GBX 59.90. 9,515 shares traded hands during trading, a decline of 87% from the average session volume of 75,279 shares. The stock had previously closed at GBX 57.50.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Manolete Partners

Manolete Partners Trading Up 4.2%

The company has a debt-to-equity ratio of 28.95, a quick ratio of 6.25 and a current ratio of 3.98. The firm has a 50-day moving average of GBX 55.54 and a 200-day moving average of GBX 73.68. The firm has a market capitalization of £26.24 million, a P/E ratio of 42.48 and a beta of 0.76.

Manolete Partners Company Profile

(Get Free Report)

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.

Further Reading

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.