Manolete Partners (LON:MANO) Trading Down 0.2% – Time to Sell?

Manolete Partners Plc (LON:MANO) dropped 0.2% on Thursday . The company traded as low as GBX 40 and last traded at GBX 41.90. 54,580 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 77,599 shares. The stock had previously closed at GBX 42.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered 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 analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 67.

Manolete Partners Trading Down 0.2%

The firm has a market capitalization of £18.36 million, a price-to-earnings ratio of 17.03 and a beta of 0.59. The business’s 50 day moving average price is GBX 40.33 and its 200-day moving average price is GBX 47.29. The company has a debt-to-equity ratio of 30.06, a current ratio of 7.43 and a quick ratio of 6.25.

Manolete Partners (LON:MANO) last announced its quarterly earnings data on Thursday, June 25th. The company reported GBX 2.50 EPS for the quarter. Manolete Partners had a net margin of 3.92% and a return on equity of 2.62%. The firm had revenue of GBX 2,788 million during the quarter. Equities analysts forecast that Manolete Partners Plc will post 4.2845258 EPS for the current fiscal year.

About Manolete Partners

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.