Manolete Partners (LON:MANO) Stock Price Down 3.6% – What’s Next?

Shares of Manolete Partners Plc (LON:MANO) traded down 3.6% during trading on Wednesday. The stock traded as low as GBX 40 and last traded at GBX 40. 35,352 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 73,061 shares. The stock had previously closed at GBX 41.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 price objective on shares of Manolete Partners in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Manolete Partners currently has a consensus rating of “Buy” and an average target price of GBX 67.

Manolete Partners Trading Down 4.7%

The business has a 50-day moving average price of GBX 39.50 and a two-hundred day moving average price of GBX 42.72. The company has a quick ratio of 6.25, a current ratio of 7.43 and a debt-to-equity ratio of 30.06. The company has a market cap of £17.61 million, a P/E ratio of 16.27 and a beta of 0.59.

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.