Litigation Capital Management (LON:LIT) Trading 1.5% Higher – What’s Next?

Litigation Capital Management Limited (LON:LIT)’s share price shot up 1.5% on Wednesday . The stock traded as high as GBX 102.45 ($1.27) and last traded at GBX 101.50 ($1.25). 210,138 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 318,926 shares. The stock had previously closed at GBX 100 ($1.24).

Analysts Set New Price Targets

Several research firms have issued reports on LIT. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.25) target price on shares of Litigation Capital Management in a research note on Tuesday, December 17th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 182 ($2.25) target price on shares of Litigation Capital Management in a research note on Tuesday, December 17th.

Litigation Capital Management Price Performance

The company has a fifty day moving average of GBX 109.18 and a 200-day moving average of GBX 106.58. The company has a current ratio of 17.54, a quick ratio of 3.01 and a debt-to-equity ratio of 32.77. The stock has a market cap of £104.09 million, a PE ratio of 1,691.67 and a beta of 0.31.

Insider Activity

In related news, insider Patrick Moloney sold 75,991 shares of Litigation Capital Management stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of GBX 112 ($1.38), for a total value of £85,109.92 ($105,203.86). Insiders own 19.51% of the company’s stock.

Litigation Capital Management Company Profile

Litigation Capital Management (“LCM”) is an alternative asset manager specialising in litigation financing solutions internationally. Through our two business models, direct balance sheet and third party fund management, we create value through our three primary investment strategies – single-cases; case portfolios; and acquisition of insolvency claims.