MSP Recovery (NASDAQ:LIFW) Shares Down 6.5% – Here’s Why

MSP Recovery, Inc. (NASDAQ:LIFW) shares were down 6.5% during trading on Wednesday . The company traded as low as $0.14 and last traded at $0.14. Approximately 9,156,419 shares traded hands during trading, an increase of 541% from the average daily volume of 1,427,979 shares. The stock had previously closed at $0.15.

MSP Recovery Stock Down 6.5 %

The company has a market capitalization of $19.87 million, a price-to-earnings ratio of -0.02 and a beta of -2.36. The business has a fifty day simple moving average of $0.15 and a two-hundred day simple moving average of $0.24. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.71.

MSP Recovery (NASDAQ:LIFW) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($1.49) EPS for the quarter. MSP Recovery had a negative net margin of 1,162.14% and a negative return on equity of 5.50%. The company had revenue of $0.34 million during the quarter.

Insider Transactions at MSP Recovery

In other news, CEO John Hasan Ruiz bought 360,620 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average price of $0.28 per share, for a total transaction of $100,973.60. Following the transaction, the chief executive officer now directly owns 1,741,406 shares of the company’s stock, valued at $487,593.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 19.40% of the stock is owned by insiders.

MSP Recovery Company Profile

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.