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

Manolete Partners Plc (LON:MANO) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as GBX 32 and last traded at GBX 33.60, with a volume of 107,701 shares traded. The stock had previously closed at GBX 35.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 target price on shares of Manolete Partners in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 67.

Manolete Partners Stock Down 9.9%

The firm has a market cap of £13.20 million, a P/E ratio of 12.20 and a beta of 0.59. 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 firm has a fifty day moving average of GBX 37.96 and a 200-day moving average of GBX 44.40.

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.