MSP Recovery Stock to Reverse Split on Monday, November 18th (NASDAQ:LIFW)

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) are scheduled to reverse split on Monday, November 18th. The 1-25 reverse split was announced on Tuesday, November 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 15th.

MSP Recovery Price Performance

LIFW stock opened at $0.10 on Thursday. The business has a fifty day moving average of $0.13 and a two-hundred day moving average of $0.18. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.71. The stock has a market cap of $14.25 million, a price-to-earnings ratio of -0.02 and a beta of -2.29. MSP Recovery has a 52-week low of $0.08 and a 52-week high of $7.65.

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

Insider Activity at MSP Recovery

In related news, CEO John Hasan Ruiz bought 360,620 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $0.28 per share, for a total transaction of $100,973.60. Following the completion of the acquisition, the chief executive officer now owns 1,741,406 shares in the company, valued at approximately $487,593.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 86.52% of the stock is currently owned by company insiders.

About MSP Recovery

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.